Segall Bryant & Hamill LLC Increases Position in The Kraft Heinz Company (KHC)
Segall Bryant & Hamill LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,825 shares of the company’s stock after buying an additional 80 shares during the period. Segall Bryant & Hamill LLC’s holdings in The Kraft Heinz were worth $257,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of KHC. Rockefeller Financial Services Inc. raised its position in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC raised its position in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of The Kraft Heinz during the first quarter worth about $109,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of The Kraft Heinz during the first quarter worth about $136,000. 62.01% of the stock is owned by hedge funds and other institutional investors.
The Kraft Heinz Company (NASDAQ KHC) traded down 0.18% during mid-day trading on Tuesday, hitting $86.86. The stock had a trading volume of 951,367 shares. The company has a market cap of $105.76 billion, a P/E ratio of 30.91 and a beta of 0.44. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The company has a 50-day moving average price of $86.92 and a 200 day moving average price of $89.90.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. Equities research analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be issued a $0.625 dividend. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 2.87%. The Kraft Heinz’s payout ratio is 76.68%.
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A number of equities analysts have issued reports on the company. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, June 3rd. TheStreet raised The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank set a $102.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $97.96.
About The 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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