Oakbrook Investments LLC Has $1.68 Million Position in Kraft Heinz Co (KHC)
Oakbrook Investments LLC decreased its holdings in Kraft Heinz Co (NASDAQ:KHC) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,550 shares of the company’s stock after selling 2,300 shares during the quarter. Oakbrook Investments LLC’s holdings in Kraft Heinz were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in KHC. FMR LLC raised its stake in Kraft Heinz by 30.0% in 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 during the period. Renaissance Technologies LLC bought a new position in shares of Kraft Heinz during the second quarter worth approximately $102,151,000. Principal Financial Group Inc. increased its stake in shares of Kraft Heinz by 128.3% during the second quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock worth $165,499,000 after purchasing an additional 1,086,062 shares during the period. Pioneer Investment Management Inc. bought a new position in shares of Kraft Heinz during the second quarter worth approximately $79,757,000. Finally, Alliancebernstein L.P. increased its stake in shares of Kraft Heinz by 49.4% during the second quarter. Alliancebernstein L.P. now owns 2,658,122 shares of the company’s stock worth $227,642,000 after purchasing an additional 878,768 shares during the period. Hedge funds and other institutional investors own 62.01% of the company’s stock.
KHC has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Goldman Sachs Group lowered Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $95.00 to $87.00 in a research note on Wednesday, October 4th. Piper Jaffray Companies upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $92.00 to $90.00 in a research note on Friday, October 6th. Zacks Investment Research lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, UBS Group reiterated a “buy” rating and set a $89.00 target price (down previously from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $92.65.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. analysts forecast that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
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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