Kraft Heinz Co. (KHC) Stake Raised by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. boosted its stake in Kraft Heinz Co. (NASDAQ:KHC) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,193 shares of the company’s stock after buying an additional 746 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Kraft Heinz were worth $1,345,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of KHC. State Street Corp boosted its position in shares of Kraft Heinz by 3.4% in the first quarter. State Street Corp now owns 23,843,318 shares of the company’s stock valued at $1,873,118,000 after buying an additional 775,834 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Kraft Heinz by 2.5% in the first quarter. Geode Capital Management LLC now owns 5,038,839 shares of the company’s stock valued at $395,079,000 after buying an additional 125,028 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Kraft Heinz by 1.6% in the first quarter. UBS Asset Management Americas Inc. now owns 1,442,005 shares of the company’s stock valued at $113,285,000 after buying an additional 22,929 shares in the last quarter. WestEnd Advisors LLC bought a new position in shares of Kraft Heinz during the second quarter valued at $97,332,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Kraft Heinz by 9.6% in the first quarter. Canada Pension Plan Investment Board now owns 919,036 shares of the company’s stock valued at $72,199,000 after buying an additional 80,700 shares in the last quarter. Institutional investors own 61.39% of the company’s stock.
Kraft Heinz Co. (NASDAQ:KHC) traded up 0.9192% during mid-day trading on Tuesday, hitting $89.6465. The stock had a trading volume of 1,460,875 shares. The company has a market cap of $109.16 billion, a price-to-earnings ratio of 65.7232 and a beta of 0.47. Kraft Heinz Co. has a one year low of $68.18 and a one year high of $90.54. The company has a 50 day moving average price of $88.41 and a 200-day moving average price of $85.57.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.14. Kraft Heinz had a return on equity of 5.78% and a net margin of 6.87%. The business had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $4.70 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue was up 159.7% on a year-over-year basis. Equities analysts expect that Kraft Heinz Co. will post $3.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, August 26th were issued a $0.60 dividend. The ex-dividend date was Wednesday, August 24th. This is a boost from Kraft Heinz’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.70%. Kraft Heinz’s dividend payout ratio is presently 181.82%.
Several brokerages have recently weighed in on KHC. Goldman Sachs Group Inc. restated a “buy” rating and set a $100.00 target price on shares of Kraft Heinz in a report on Saturday, August 13th. Stifel Nicolaus lifted their price target on shares of Kraft Heinz from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, August 5th. RBC Capital Markets reaffirmed an “outperform” rating and set a $96.00 price target (up previously from $92.00) on shares of Kraft Heinz in a research report on Friday, August 5th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Monday, August 8th. Finally, Morgan Stanley set a $97.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Buy” and an average price target of $99.17.
In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $87.05, for a total value of $244,468,695.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 26.92% of the stock is owned by corporate insiders.
About Kraft Heinz
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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