Captrust Financial Advisors bought a new stake in Kraft Heinz Co (NASDAQ:KHC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,191 shares of the company’s stock, valued at approximately $1,026,000.
Other institutional investors have also recently bought and sold shares of the company. American International Group Inc. boosted its stake in shares of Kraft Heinz by 1,928.1% during the fourth quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock valued at $475,186,000 after acquiring an additional 5,809,615 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Kraft Heinz by 4.6% during the fourth quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock valued at $2,727,351,000 after acquiring an additional 1,551,823 shares during the last quarter. Virtus Fund Advisers LLC boosted its stake in shares of Kraft Heinz by 1,123.1% during the fourth quarter. Virtus Fund Advisers LLC now owns 865,149 shares of the company’s stock valued at $67,274,000 after acquiring an additional 794,415 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of Kraft Heinz during the third quarter valued at $49,126,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Kraft Heinz by 52.9% during the third quarter. Alyeska Investment Group L.P. now owns 1,259,614 shares of the company’s stock valued at $97,683,000 after acquiring an additional 435,590 shares during the last quarter. 63.24% of the stock is currently owned by institutional investors.
KHC has been the topic of a number of analyst reports. Barclays reaffirmed a “buy” rating and set a $80.00 price objective (down previously from $94.00) on shares of Kraft Heinz in a research note on Sunday, February 18th. Jefferies Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Kraft Heinz in a research note on Friday, February 16th. Bank of America set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research note on Thursday, February 15th. Morgan Stanley set a $88.00 price target on Kraft Heinz and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, DZ Bank raised Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.78.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. equities analysts predict that Kraft Heinz Co will post 3.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.625 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.71%. Kraft Heinz’s dividend payout ratio (DPR) is 76.69%.
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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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