Daymark Wealth Companions LLC decreased its holdings in The Kraft Heinz Firm (NASDAQ:KHC – Free Report) by 66.7% within the third quarter, HoldingsChannel studies. The agency owned 7,739 shares of the corporate’s inventory after promoting 15,509 shares through the quarter. Daymark Wealth Companions LLC’s holdings in Kraft Heinz have been price $272,000 as of its most up-to-date submitting with the SEC.
Different hedge funds and different institutional buyers have additionally modified their holdings of the corporate. Vanguard Group Inc. grew its place in Kraft Heinz by 0.3% within the 4th quarter. Vanguard Group Inc. now owns 70,398,831 shares of the corporate’s inventory valued at $2,603,349,000 after shopping for an extra 183,234 shares within the final quarter. LSV Asset Administration boosted its holdings in shares of Kraft Heinz by 2.1% within the second quarter. LSV Asset Administration now owns 9,107,688 shares of the corporate’s inventory valued at $293,450,000 after buying an extra 189,000 shares within the final quarter. Authorized & Basic Group Plc elevated its stake in shares of Kraft Heinz by 9.7% through the second quarter. Authorized & Basic Group Plc now owns 9,064,592 shares of the corporate’s inventory valued at $292,061,000 after buying an extra 799,581 shares through the interval. Capital World Buyers lifted its place in Kraft Heinz by 83.4% within the first quarter. Capital World Buyers now owns 8,709,714 shares of the corporate’s inventory price $321,388,000 after buying an extra 3,961,872 shares through the interval. Lastly, Dimensional Fund Advisors LP elevated its place in shares of Kraft Heinz by 47.3% through the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the corporate’s inventory valued at $178,379,000 after buying an extra 1,778,263 shares through the interval. 78.17% of the inventory is at present owned by institutional buyers.
Kraft Heinz Inventory Up 1.1 %
KHC inventory opened at $35.22 on Friday. The corporate has a 50 day transferring common of $35.13 and a two-hundred day transferring common of $35.01. The corporate has a fast ratio of 0.53, a present ratio of 1.01 and a debt-to-equity ratio of 0.39. The Kraft Heinz Firm has a 12-month low of $30.68 and a 12-month excessive of $38.96. The corporate has a market cap of $42.58 billion, a price-to-earnings ratio of twenty-two.58, a PEG ratio of three.39 and a beta of 0.49.
Kraft Heinz (NASDAQ:KHC – Get Free Report) final launched its quarterly earnings knowledge on Wednesday, July thirty first. The corporate reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on fairness of seven.38% and a internet margin of seven.30%. The agency had income of $6.50 billion through the quarter, in comparison with analysts’ expectations of $6.55 billion. Throughout the identical quarter final yr, the agency earned $0.79 earnings per share. The enterprise’s income for the quarter was down 3.3% on a year-over-year foundation. On common, equities analysts anticipate that The Kraft Heinz Firm will submit 3.02 earnings per share for the present fiscal yr.
Kraft Heinz Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Friday, September twenty seventh. Shareholders of report on Friday, August thirtieth have been paid a $0.40 dividend. This represents a $1.60 dividend on an annualized foundation and a yield of 4.54%. The ex-dividend date was Friday, August thirtieth. Kraft Heinz’s dividend payout ratio (DPR) is presently 102.56%.
Insiders Place Their Bets
In associated information, insider Cory Onell bought 4,076 shares of Kraft Heinz inventory in a transaction on Friday, August 2nd. The shares have been bought at a median worth of $36.00, for a complete worth of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares of the corporate’s inventory, valued at roughly $5,182,920. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by this hyperlink. Insiders personal 0.32% of the corporate’s inventory.
Analysts Set New Value Targets
A variety of analysis analysts not too long ago issued studies on KHC shares. The Goldman Sachs Group began protection on Kraft Heinz in a report on Monday, August twelfth. They set a “promote” ranking and a $34.00 goal worth on the inventory. Wells Fargo & Firm elevated their worth goal on Kraft Heinz from $34.00 to $35.00 and gave the corporate an “equal weight” ranking in a analysis report on Thursday, August 1st. Barclays boosted their goal worth on Kraft Heinz from $34.00 to $36.00 and gave the inventory an “equal weight” ranking in a analysis report on Thursday, August 1st. Citigroup decreased their goal worth on shares of Kraft Heinz from $41.00 to $39.00 and set a “purchase” ranking for the corporate in a report on Wednesday. Lastly, Financial institution of America lowered their worth goal on shares of Kraft Heinz from $42.00 to $38.00 and set a “purchase” ranking on the inventory in a analysis report on Wednesday, July tenth. One funding analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and 6 have issued a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, the inventory presently has a median ranking of “Maintain” and a median goal worth of $37.55.
View Our Newest Analysis Report on Kraft Heinz
About Kraft Heinz
The Kraft Heinz Firm, along with its subsidiaries, manufactures and markets meals and beverage merchandise in North America and internationally. Its merchandise embody condiments and sauces, cheese and dairy merchandise, meals, meats, refreshment drinks, espresso, and different grocery merchandise beneath the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell Home, Kool-Support, Jell-O, Heinz, ABC, Grasp, Quero, Kraft, Golden Circle, Wattie’s, Pudliszki, and Plasmon manufacturers.
See Additionally
Need to see what different hedge funds are holding KHC? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for The Kraft Heinz Firm (NASDAQ:KHC – Free Report).
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