The percentage of shares being held by the company management was 0.1% while institutional stake was 86.8%. WestEnd Advisors LLC’s holdings in The Kraft Heinz were worth $48,582,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Alethea Capital Management LLC acquired a new stake in shares of The Kraft Heinz in the second quarter valued at approximately $570,000. Tiedemann Wealth Management LLC lifted its stake in The Kraft Heinz by 6.4% in the first quarter. The firm has “Buy” rating given on Friday, September 1 by RBC Capital Markets. The PT indicates a possible upside of 14.48 % from company’s last stock close. First Foundation Advisors now owns 5,121 shares of the company’s stock worth $465,000 after buying an additional 23 shares during the last quarter. British Airways Pensions Investment Management Ltd boosted its position in shares of Kraft Heinz by 64.6% in the third quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock worth $2,835,974,000 after purchasing an additional 562,183 shares during the last quarter.
These firms have modified their investment in KHC. Morgan Stanley dropped their price target on The Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Friday.
The Kraft Heinz Company (NASDAQ:KHC) attracted a higher number of shares in volume with 3.71 million contracts traded on 13-Oct-17. The rating was initiated by Deutsche Bank on Wednesday, February 15 with “Buy”. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $84.00 target price on shares of The Kraft Heinz in a research report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The Kraft Heinz now has a consensus rating of “Buy” and a consensus price target of $95.53.
The Kraft Heinz Company (NASDAQ:KHC) opened at 77.74 on Monday. About 3.71M shares traded or 11.08% up from the average. The firm has a 50 day moving average of $79.13 and a 200-day moving average of $79.13. Kraft Heinz has a 52-week low of 76.76 and a 52-week high of 97.77. The company has market cap of $94.71 billion.
The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company maintains price to book ratio of 0.00 vs.an industry average at 0.55. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The Kraft Heinz’s revenue was down 1.7% on a year-over-year basis. Analysts forecast EPS of $0.83, exactly $0.00 or 0.00 % from 2014’s $0.83 EPS. On average, equities analysts expect that Kraft Heinz Co will post $3.24 EPS for the current year.
11/04/2016 – Kraft Heinz had its “buy” rating reiterated by analysts at UBS. Susquehanna maintained the shares of KHC in report on Friday, August 26 with “Positive” rating. The ex-dividend date was Wednesday, August 16th.
Kraft Heinz was upgraded to “overweight” by analysts at Piper Jaffray. The Kraft Heinz’s dividend payout ratio (DPR) is now 79.87%.
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The Kraft Heinz Company now has a P/E ratio of 24.92 and the market cap of the company is 94.71B. The Company is involved 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.