Sii Investments Inc. WI Decreases Stake in The Kraft Heinz Company (KHC)
Sii Investments Inc. WI lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 7.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,077 shares of the company’s stock after selling 1,042 shares during the period. Sii Investments Inc. WI’s holdings in The Kraft Heinz were worth $1,194,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of KHC. Rockefeller Financial Services Inc. boosted its stake in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Bollard Group LLC boosted its stake in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in The Kraft Heinz during the first quarter valued at approximately $109,000. Blue Chip Partners Inc. boosted its stake in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in The Kraft Heinz during the first quarter valued at approximately $136,000. Institutional investors and hedge funds own 62.01% of the company’s stock.
The Kraft Heinz Company (KHC) traded up 0.37% during trading on Friday, hitting $86.21. 757,077 shares of the stock were exchanged. The firm’s 50 day moving average price is $86.15 and its 200-day moving average price is $89.78. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The stock has a market cap of $105.03 billion, a price-to-earnings ratio of 27.63 and a beta of 0.44.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, analysts anticipate that The Kraft Heinz Company will post $3.24 EPS for the current year.
The business also recently disclosed 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 represents a $2.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, August 16th. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio is presently 76.68%.
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Several analysts recently commented on KHC shares. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Berenberg Bank started coverage on shares of The Kraft Heinz in a report on Wednesday, June 7th. They set a “buy” rating and a $102.00 price target for the company. Royal Bank Of Canada set a $96.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a report on Saturday, June 3rd. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Zacks Investment Research upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $97.45.
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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