The Kraft Heinz Company (KHC) Stake Maintained by Investment House LLC
Investment House LLC continued to hold its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,007 shares of the company’s stock at the end of the second quarter. Investment House LLC’s holdings in The Kraft Heinz were worth $943,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of KHC. Vanguard Group Inc. boosted its position 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 worth $3,827,601,000 after buying an additional 1,585,231 shares during the last quarter. BlackRock Inc. boosted its position 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 worth $2,956,129,000 after buying an additional 31,204,852 shares during the last quarter. State Street Corp boosted its position in The Kraft Heinz by 2.8% in the first quarter. State Street Corp now owns 24,579,995 shares of the company’s stock worth $2,232,113,000 after buying an additional 680,941 shares during the last quarter. FMR LLC boosted its position in The Kraft Heinz by 9.8% in the first quarter. FMR LLC now owns 8,856,976 shares of the company’s stock worth $804,302,000 after buying an additional 790,267 shares during the last quarter. Finally, Morgan Stanley boosted its position in The Kraft Heinz by 55.6% in the first quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock worth $759,605,000 after buying an additional 2,988,664 shares during the last quarter. 62.01% of the stock is owned by institutional investors and hedge funds.
The Kraft Heinz Company (KHC) traded down 0.31% on Thursday, reaching $86.19. The company had a trading volume of 1,636,103 shares. The stock 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 PE 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 released its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The Kraft Heinz’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be paid a $0.625 dividend. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s payout ratio is presently 76.68%.
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A number of research firms recently weighed in on KHC. BidaskClub cut The Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 5th. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, June 3rd. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, August 5th. Consumer Edge upgraded The Kraft Heinz to an “overweight” rating in a research note on Thursday, May 4th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $99.00 price objective (down from $102.00) on shares of The Kraft Heinz in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target 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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