Albion Financial Group UT Buys 1,719 Shares of Kraft Heinz Co (KHC)
Albion Financial Group UT increased its stake in Kraft Heinz Co (NASDAQ:KHC) by 3.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,757 shares of the company’s stock after acquiring an additional 1,719 shares during the quarter. Albion Financial Group UT’s holdings in Kraft Heinz were worth $3,704,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of KHC. BlackRock Inc. grew its holdings in shares of Kraft Heinz by 2,314.8% during the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after buying an additional 31,204,852 shares in the last quarter. Morgan Stanley grew its holdings in shares of Kraft Heinz by 55.6% during the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after buying an additional 2,988,664 shares in the last quarter. FMR LLC grew its holdings in shares of Kraft Heinz by 30.0% during the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after buying an additional 2,659,846 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 3.9% during the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after buying an additional 1,585,231 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Kraft Heinz during the second quarter valued at $102,151,000. Institutional investors and hedge funds own 62.06% of the company’s stock.
KHC has been the topic of a number of research analyst reports. BidaskClub upgraded Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies set a $92.00 price target on Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a report on Friday, September 1st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $96.00 price target on shares of Kraft Heinz in a report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.49.
Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. equities research analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.15%. Kraft Heinz’s dividend payout ratio (DPR) is currently 77.88%.
Kraft Heinz 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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