The Kraft Heinz Company (KHC) Shares Sold by CENTRAL TRUST Co
CENTRAL TRUST Co decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 64,940 shares of the company’s stock after selling 1,730 shares during the period. CENTRAL TRUST Co’s holdings in The Kraft Heinz were worth $5,562,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of KHC. Vanguard Group Inc. boosted its position in shares of The Kraft Heinz by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 42,149,547 shares of the company’s stock worth $3,827,601,000 after purchasing an additional 1,585,231 shares in the last quarter. BlackRock Inc. lifted its position in The Kraft Heinz by 2,314.8% in the 1st quarter. BlackRock Inc. now owns 32,552,898 shares of the company’s stock valued at $2,956,129,000 after acquiring an additional 31,204,852 shares in the last quarter. State Street Corp lifted its position in The Kraft Heinz by 2.8% in the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after acquiring an additional 680,941 shares in the last quarter. FMR LLC lifted its position in The Kraft Heinz by 9.8% in the 1st quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after acquiring an additional 790,267 shares in the last quarter. Finally, Morgan Stanley lifted its position in The Kraft Heinz by 55.6% in the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after acquiring an additional 2,988,664 shares in the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.
Shares of The Kraft Heinz Company (NASDAQ KHC) traded up 0.18% during midday trading on Friday, reaching $81.43. The company’s stock had a trading volume of 5,962,947 shares. The stock has a 50-day moving average of $81.87 and a 200 day moving average of $86.12. The firm has a market capitalization of $99.20 billion, a P/E ratio of 26.10 and a beta of 0.45. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 14.67% and a return on equity of 7.52%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 18th were given a $0.625 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio is 79.87%.
Several research firms recently issued reports on KHC. Royal Bank Of Canada set a $96.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. Berenberg Bank began coverage on The Kraft Heinz in a research report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price objective on the stock. Susquehanna Bancshares Inc set a $99.00 price objective on The Kraft Heinz and gave the company a “hold” rating in a research report on Tuesday, June 6th. Piper Jaffray Companies began coverage on The Kraft Heinz in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $96.00 price objective on shares of The Kraft Heinz in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $97.18.
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.
Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.