The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Level Four Advisory Services LLC
Level Four Advisory Services LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 29.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,978 shares of the company’s stock after buying an additional 2,470 shares during the period. Level Four Advisory Services LLC’s holdings in The Kraft Heinz were worth $1,004,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. GW&K Investment Management LLC raised its stake in shares of The Kraft Heinz by 1.5% in the first quarter. GW&K Investment Management LLC now owns 10,933 shares of the company’s stock valued at $993,000 after buying an additional 157 shares during the period. Murphy Capital Management Inc. raised its stake in The Kraft Heinz by 7.9% in the first quarter. Murphy Capital Management Inc. now owns 19,548 shares of the company’s stock worth $1,775,000 after buying an additional 1,424 shares during the period. Bank of Montreal Can raised its stake in The Kraft Heinz by 27.1% in the first quarter. Bank of Montreal Can now owns 591,830 shares of the company’s stock worth $53,745,000 after buying an additional 126,170 shares during the period. Regentatlantic Capital LLC raised its stake in The Kraft Heinz by 0.6% in the first quarter. Regentatlantic Capital LLC now owns 19,458 shares of the company’s stock worth $1,767,000 after buying an additional 109 shares during the period. Finally, TNB Financial bought a new stake in The Kraft Heinz during the first quarter worth $986,000. 62.01% of the stock is owned by hedge funds and other institutional investors.
Shares of The Kraft Heinz Company (NASDAQ:KHC) traded up 0.37% on Friday, reaching $86.21. The company had a trading volume of 756,926 shares. The stock’s 50 day moving average is $86.15 and its 200 day moving average is $89.78. The Kraft Heinz Company has a 52 week low of $79.69 and a 52 week high of $97.77. The firm has a market capitalization of $105.03 billion, a price-to-earnings ratio of 27.63 and a beta of 0.44.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The business had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. 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 paid a $0.625 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.50 annualized dividend and a yield of 2.91%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is presently 76.68%.
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KHC has been the subject of a number of recent research reports. Credit Suisse Group reissued an “outperform” rating on shares of The Kraft Heinz in a research note on Sunday, April 23rd. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday. Susquehanna Bancshares Inc reissued a “hold” rating on shares of The Kraft Heinz in a research note on Tuesday, August 1st. Berenberg Bank initiated coverage on The Kraft Heinz in a research note on Wednesday, June 7th. They issued a “buy” rating and a $102.00 target price for the company. Finally, BMO Capital Markets reissued a “hold” rating and issued a $96.00 target price on shares of The Kraft Heinz in a research note on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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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