Amalgamated Bank Has $5.35 Million Holdings in Kraft Heinz Co (KHC)

Amalgamated Bank raised its stake in Kraft Heinz Co (NASDAQ:KHC) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,944 shares of the company’s stock after acquiring an additional 1,245 shares during the period. Amalgamated Bank’s holdings in Kraft Heinz were worth $5,347,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Blue Chip Partners Inc. grew its holdings in shares of Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after purchasing an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Kraft Heinz by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after purchasing an additional 16 shares during the last quarter. Ropes Wealth Advisors LLC grew its holdings in shares of Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock worth $329,000 after purchasing an additional 17 shares during the last quarter. Finally, National Asset Management Inc. grew its holdings in shares of Kraft Heinz by 0.5% during the first quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock worth $408,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.

Kraft Heinz Co (KHC) opened at $78.48 on Monday. Kraft Heinz Co has a one year low of $75.21 and a one year high of $97.77. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $95,625.38, a PE ratio of 22.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts expect that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.

The business 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. This represents a $2.50 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.

Several equities analysts have recently issued reports on KHC shares. UBS reaffirmed a “buy” rating and set a $89.00 price target (down previously from $97.00) on shares of Kraft Heinz in a research note on Friday, October 13th. Credit Suisse Group set a $100.00 price target on Kraft Heinz and gave the company a “buy” rating in a research note on Sunday, September 10th. Piper Jaffray Companies raised Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price target for the company from $92.00 to $90.00 in a research note on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and set a $84.00 price target on shares of Kraft Heinz in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.49.

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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.

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

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