PNC Monetary Providers Group Inc. boosted its holdings in shares of The Kraft Heinz Firm (NASDAQ:KHC – Free Report) by 7.2% through the third quarter, HoldingsChannel.com studies. The institutional investor owned 200,937 shares of the corporate’s inventory after buying an extra 13,452 shares through the interval. PNC Monetary Providers Group Inc.’s holdings in Kraft Heinz have been value $7,055,000 as of its most up-to-date SEC submitting.
A lot of different giant traders have additionally lately made adjustments to their positions within the enterprise. MADDEN SECURITIES Corp lifted its place in Kraft Heinz by 2.4% within the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the corporate’s inventory valued at $448,000 after buying an extra 303 shares within the final quarter. HB Wealth Administration LLC boosted its place in shares of Kraft Heinz by 2.5% through the second quarter. HB Wealth Administration LLC now owns 13,013 shares of the corporate’s inventory valued at $419,000 after shopping for an extra 314 shares over the past quarter. Axiom Advisory LLC grew its holdings in Kraft Heinz by 5.2% through the third quarter. Axiom Advisory LLC now owns 6,594 shares of the corporate’s inventory value $227,000 after shopping for an extra 327 shares within the final quarter. Norden Group LLC raised its place in Kraft Heinz by 3.8% within the 2nd quarter. Norden Group LLC now owns 9,321 shares of the corporate’s inventory valued at $300,000 after shopping for an extra 339 shares over the past quarter. Lastly, Valley Wealth Managers Inc. lifted its stake in Kraft Heinz by 46.4% through the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the corporate’s inventory valued at $35,000 after buying an extra 340 shares within the final quarter. 78.17% of the inventory is owned by institutional traders.
Kraft Heinz Buying and selling Up 2.3 %
Shares of Kraft Heinz inventory opened at $31.81 on Friday. The corporate has a debt-to-equity ratio of 0.40, a fast ratio of 0.56 and a present ratio of 1.06. The inventory has a market capitalization of $38.46 billion, a P/E ratio of 28.66, a P/E/G ratio of three.55 and a beta of 0.49. The Kraft Heinz Firm has a 52-week low of $30.40 and a 52-week excessive of $38.96. The inventory’s 50-day easy shifting common is $34.08 and its 200 day easy shifting common is $34.26.
Kraft Heinz (NASDAQ:KHC – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, October thirtieth. The corporate reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The corporate had income of $6.38 billion for the quarter, in comparison with analyst estimates of $6.42 billion. Kraft Heinz had a internet margin of 5.24% and a return on fairness of seven.46%. The corporate’s quarterly income was down 2.8% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency posted $0.72 earnings per share. As a bunch, analysis analysts anticipate that The Kraft Heinz Firm will submit 3.01 EPS for the present yr.
Kraft Heinz Declares Dividend
The enterprise additionally lately declared a quarterly dividend, which might be paid on Friday, December twenty seventh. Stockholders of report on Friday, November twenty ninth might be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized foundation and a dividend yield of 5.03%. The ex-dividend date is Friday, November twenty ninth. Kraft Heinz’s payout ratio is at present 144.14%.
Insider Exercise at Kraft Heinz
In associated information, EVP Pedro F. P. Navio offered 45,000 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, November fifth. The shares have been offered at a median worth of $33.45, for a complete transaction of $1,505,250.00. Following the completion of the transaction, the chief vice chairman now owns 168,195 shares of the corporate’s inventory, valued at roughly $5,626,122.75. The commerce was a 21.11 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible via the SEC web site. 0.32% of the inventory is at present owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have lately commented on KHC shares. JPMorgan Chase & Co. lowered their goal worth on shares of Kraft Heinz from $38.00 to $37.00 and set a “impartial” ranking for the corporate in a report on Wednesday, July thirty first. Citigroup dropped their goal worth on shares of Kraft Heinz from $39.00 to $38.00 and set a “purchase” ranking on the inventory in a analysis report on Thursday, October thirty first. Barclays diminished their goal worth on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” ranking for the corporate in a report on Friday, November 1st. Wells Fargo & Firm lifted their worth goal on Kraft Heinz from $34.00 to $35.00 and gave the inventory an “equal weight” ranking in a report on Thursday, August 1st. Lastly, Mizuho diminished their worth goal on Kraft Heinz from $43.00 to $41.00 and set an “outperform” ranking for the corporate in a analysis word on Thursday, October thirty first. One analyst has rated the inventory with a promote ranking, six have issued a maintain ranking and 4 have given a purchase ranking to the corporate’s inventory. In response to information from MarketBeat.com, the corporate presently has a median ranking of “Maintain” and a median worth goal of $36.55.
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 embrace 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-Help, Jell-O, Heinz, ABC, Grasp, Quero, Kraft, Golden Circle, Wattie’s, Pudliszki, and Plasmon manufacturers.
Additional Studying
Wish 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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