Dynamo Internacional Gestao DE Recursos LTDA. Has $77.30 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)
Dynamo Internacional Gestao DE Recursos LTDA. raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 852,310 shares of the company’s stock after buying an additional 24,400 shares during the period. The Kraft Heinz makes up about 10.5% of Dynamo Internacional Gestao DE Recursos LTDA.’s portfolio, making the stock its 5th largest position. Dynamo Internacional Gestao DE Recursos LTDA.’s holdings in The Kraft Heinz were worth $77,296,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in KHC. BlackRock Inc. raised its stake in The Kraft Heinz by 2,314.8% in the first quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after buying an additional 31,204,852 shares during the period. Morgan Stanley raised its stake in The Kraft Heinz by 55.6% in the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after buying an additional 2,988,664 shares during the period. Vanguard Group Inc. raised its stake in The Kraft Heinz by 3.9% in the first quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock valued at $3,827,601,000 after buying an additional 1,585,231 shares during the period. Thornburg Investment Management Inc. raised its stake in The Kraft Heinz by 9,061.9% in the first quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company’s stock valued at $103,999,000 after buying an additional 1,132,740 shares during the period. Finally, FMR LLC raised its stake in The Kraft Heinz by 9.8% in the first quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after buying an additional 790,267 shares during the period. 62.01% of the stock is owned by institutional investors.
The Kraft Heinz Company (NASDAQ KHC) traded down 0.31% on Thursday, reaching $86.19. The company’s stock had a trading volume of 1,063,056 shares. The firm has a 50 day moving average price of $86.25 and a 200 day moving average price of $89.80. The stock has a market capitalization of $105.00 billion, a P/E ratio of 27.63 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. On average, equities analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a yield of 2.89%. This is a positive change from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s payout ratio is currently 76.68%.
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KHC has been the subject of several research reports. Credit Suisse Group reiterated an “outperform” rating on shares of The Kraft Heinz in a research note on Sunday, April 23rd. BidaskClub lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Consumer Edge upgraded The Kraft Heinz to an “overweight” rating in a research report on Thursday, May 4th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $91.00 price target (down from $99.00) on shares of The Kraft Heinz in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $97.45.
The Kraft Heinz Company 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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