Turim 21 Investimentos Ltda. Acquires Shares of 635,526 Kraft Heinz Co (KHC)

Turim 21 Investimentos Ltda. purchased a new stake in Kraft Heinz Co (NASDAQ:KHC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 635,526 shares of the company’s stock, valued at approximately $49,126,000. Kraft Heinz makes up about 11.6% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 3rd biggest position. Turim 21 Investimentos Ltda. owned about 0.05% of Kraft Heinz at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its stake in Kraft Heinz by 16.6% in the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Kraft Heinz by 287.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after buying an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Kraft Heinz in the second quarter valued at approximately $121,000. Blue Chip Partners Inc. raised its holdings in shares of Kraft Heinz by 0.5% in the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in shares of Kraft Heinz by 7.0% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares during the last quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on KHC. Susquehanna Bancshares reiterated a “neutral” rating and issued a $85.00 price objective (down from $94.00) on shares of Kraft Heinz in a report on Wednesday, August 9th. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, August 21st. Morgan Stanley lowered their price objective on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $92.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.49.

Kraft Heinz Co (KHC) opened at $80.49 on Thursday. The firm has a market cap of $99,816.90, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.27 and a beta of 0.45. Kraft Heinz Co has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share 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 net margin of 15.03% and a return on equity of 7.49%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. analysts anticipate that Kraft Heinz Co will post 3.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $0.625 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.11%. Kraft Heinz’s payout ratio is 77.88%.

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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.

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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