Well Done LLC Boosts Stake in The Kraft Heinz Company (KHC)
Well Done LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 392.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,760 shares of the company’s stock after purchasing an additional 9,371 shares during the period. Well Done LLC’s holdings in The Kraft Heinz were worth $912,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of KHC. Westside Investment Management Inc. lifted its holdings in shares of The Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after purchasing an additional 172 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in The Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after acquiring an additional 950 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in The Kraft Heinz in the 2nd quarter valued at about $121,000. Blue Chip Partners Inc. increased its position in The Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after acquiring an additional 8 shares during the period. Finally, GWM Advisors LLC acquired a new position in The Kraft Heinz in the 2nd quarter valued at about $137,000. 61.79% of the stock is owned by institutional investors and hedge funds.
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Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at $79.82 on Thursday. The firm has a market capitalization of $97,489.63, a P/E ratio of 22.48, a P/E/G ratio of 2.22 and a beta of 0.43. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS. analysts expect that The Kraft Heinz Company will post 3.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is currently 77.88%.
Several equities analysts recently issued reports on the company. Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. BidaskClub upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Zacks Investment Research cut The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $95.00 price target on shares of The Kraft Heinz in a research report on Tuesday, October 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company 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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