Mathes Company Inc. increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 36,757 shares of the company’s stock after buying an additional 700 shares during the period. The Kraft Heinz comprises about 1.5% of Mathes Company Inc.’s portfolio, making the stock its 22nd largest position. Mathes Company Inc.’s holdings in The Kraft Heinz were worth $3,148,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Banco Santander S.A. purchased a new position in The Kraft Heinz during the fourth quarter valued at about $9,623,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of The Kraft Heinz by 0.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 137,968 shares of the company’s stock valued at $12,057,000 after buying an additional 1,032 shares in the last quarter. L & S Advisors Inc bought a new position in shares of The Kraft Heinz during the fourth quarter valued at $6,274,000. Cigna Investments Inc. New bought a new position in shares of The Kraft Heinz during the fourth quarter valued at $1,926,000. Finally, Shepherd Financial Partners LLC bought a new position in shares of The Kraft Heinz during the fourth quarter valued at $243,000. 61.95% of the stock is currently owned by hedge funds and other institutional investors.
The Kraft Heinz Company (NASDAQ:KHC) traded down 0.06% during mid-day trading on Monday, reaching $85.60. 1,821,875 shares of the company’s stock traded hands. The stock has a 50 day moving average of $90.71 and a 200 day moving average of $90.03. The company has a market cap of $104.23 billion, a P/E ratio of 30.46 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 3rd. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by $0.01. The Kraft Heinz had a return on equity of 7.25% and a net margin of 13.12%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the firm posted $0.73 EPS. The Kraft Heinz’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada set a $96.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, June 3rd. Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $91.00 price objective (down from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Finally, Piper Jaffray Companies started coverage on shares of The Kraft Heinz in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The Kraft Heinz has an average rating of “Hold” and an average target price of $97.96.
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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