Investors Sell Shares of The Kraft Heinz Company (KHC) on Strength (KHC)
Traders sold shares of The Kraft Heinz Company (NASDAQ:KHC) on strength during trading hours on Monday. $42.17 million flowed into the stock on the tick-up and $74.86 million flowed out of the stock on the tick-down, for a money net flow of $32.69 million out of the stock. Of all equities tracked, The Kraft Heinz had the 0th highest net out-flow for the day. The Kraft Heinz traded up $0.30 for the day and closed at $79.93
A number of research firms recently weighed in on KHC. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. BidaskClub upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Finally, Morgan Stanley decreased their price target on The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The Kraft Heinz has a consensus rating of “Buy” and an average target price of $92.49.
The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. The firm has a market capitalization of $97,580.00 and a P/E ratio of 22.45.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the business earned $0.83 EPS. The firm’s revenue was up .7% compared to the same quarter last year. sell-side analysts expect that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s payout ratio is 77.88%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in The Kraft Heinz in the 3rd quarter valued at approximately $1,195,000. GSA Capital Partners LLP grew its holdings in shares of The Kraft Heinz by 9.7% during the 3rd quarter. GSA Capital Partners LLP now owns 31,589 shares of the company’s stock worth $2,450,000 after purchasing an additional 2,787 shares in the last quarter. Wealthsource Partners LLC acquired a new stake in shares of The Kraft Heinz during the 3rd quarter worth approximately $443,000. Americafirst Capital Management LLC acquired a new stake in shares of The Kraft Heinz during the 3rd quarter worth approximately $621,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of The Kraft Heinz during the 3rd quarter worth approximately $335,000. 61.79% of the stock is currently owned by hedge funds and other institutional investors.
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The Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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