5,837 Shares in The Kraft Heinz Company (KHC) Purchased by MPS Loria Financial Planners LLC
MPS Loria Financial Planners LLC purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,837 shares of the company’s stock, valued at approximately $506,000.
Other large investors have also recently added to or reduced their stakes in the company. Symphony Asset Management LLC boosted its position in The Kraft Heinz by 15.6% during the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock worth $2,772,000 after acquiring an additional 4,377 shares during the last quarter. Pennsylvania Trust Co boosted its position in The Kraft Heinz by 8.9% during the 2nd quarter. Pennsylvania Trust Co now owns 66,121 shares of the company’s stock worth $5,663,000 after acquiring an additional 5,422 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of The Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after buying an additional 1,760 shares during the last quarter. Creative Planning boosted its holdings in shares of The Kraft Heinz by 1.9% in the 2nd quarter. Creative Planning now owns 80,094 shares of the company’s stock valued at $6,859,000 after buying an additional 1,485 shares during the last quarter. Finally, Green Valley Investors LLC boosted its holdings in shares of The Kraft Heinz by 153.4% in the 2nd quarter. Green Valley Investors LLC now owns 498,156 shares of the company’s stock valued at $42,662,000 after buying an additional 301,583 shares during the last quarter. 61.59% of the stock is owned by hedge funds and other institutional investors.
Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.68 on Friday. The Kraft Heinz Company has a twelve month low of $75.21 and a twelve month high of $97.77. The stock has a market capitalization of $95,990.91, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the firm posted $0.83 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s payout ratio is 77.88%.
KHC has been the subject of several recent analyst reports. UBS AG reissued a “buy” rating and issued a $89.00 price objective (down previously from $97.00) on shares of The Kraft Heinz in a report on Friday, October 13th. Credit Suisse Group set a $100.00 price objective on The Kraft Heinz and gave the company a “buy” rating in a report on Sunday, September 10th. BidaskClub raised The Kraft Heinz from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies raised The Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $92.00 to $90.00 in a report on Friday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $95.00 price objective on shares of The Kraft Heinz in a report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz currently has an average rating of “Buy” and a consensus price target of $92.49.
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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