Profund Advisors LLC raised its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 11.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 92,308 shares of the company’s stock after purchasing an additional 9,556 shares during the quarter. Profund Advisors LLC’s holdings in Kraft Heinz were worth $2,966,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. bought a new position in Kraft Heinz during the 4th quarter valued at about $28,000. Clear Harbor Asset Management LLC bought a new position in Kraft Heinz during the 4th quarter valued at about $29,000. Horizon Bancorp Inc. IN bought a new position in Kraft Heinz during the 4th quarter valued at about $29,000. West Bancorporation Inc. bought a new position in Kraft Heinz during the 4th quarter valued at about $36,000. Finally, Altshuler Shaham Ltd bought a new position in Kraft Heinz during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 57.61% of the company’s stock.
KHC has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $29.00 target price on the stock in a research note on Wednesday. BMO Capital Markets restated a “market perform” rating and set a $30.00 target price on shares of Kraft Heinz in a research note on Friday, February 14th. TheStreet raised shares of Kraft Heinz from a “d+” rating to a “c-” rating in a research report on Thursday, February 13th. Evercore ISI initiated coverage on shares of Kraft Heinz in a research report on Friday, February 14th. They set a “hold” rating and a $30.00 price target for the company. Finally, Deutsche Bank reduced their price target on shares of Kraft Heinz from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $28.94.
Shares of NASDAQ KHC traded up $1.81 during midday trading on Thursday, hitting $24.77. 12,898,094 shares of the company’s stock traded hands, compared to its average volume of 10,181,771. Kraft Heinz Co has a 1 year low of $19.99 and a 1 year high of $33.78. The stock has a market capitalization of $28.08 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 1.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 1.03. The firm has a fifty day moving average of $25.84 and a 200 day moving average of $28.98.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The company had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.61 billion. Kraft Heinz had a net margin of 7.75% and a return on equity of 5.93%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, equities analysts anticipate that Kraft Heinz Co will post 2.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, March 12th. Kraft Heinz’s dividend payout ratio is 56.14%.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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