Swedbank AB boosted its stake in shares of The Kraft Heinz Firm (NASDAQ:KHC – Free Report) by 6.9% throughout the third quarter, in line with its most up-to-date Type 13F submitting with the SEC. The institutional investor owned 775,689 shares of the corporate’s inventory after buying a further 50,063 shares throughout the interval. Swedbank AB owned about 0.06% of Kraft Heinz value $27,234,000 on the finish of the newest quarter.
Different institutional buyers and hedge funds additionally not too long ago purchased and offered shares of the corporate. Capital World Traders elevated its holdings in shares of Kraft Heinz by 83.4% within the first quarter. Capital World Traders now owns 8,709,714 shares of the corporate’s inventory value $321,388,000 after buying a further 3,961,872 shares over the last quarter. Dimensional Fund Advisors LP boosted its place in shares of Kraft Heinz by 47.3% throughout the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the corporate’s inventory valued at $178,379,000 after shopping for a further 1,778,263 shares throughout the interval. Mirae Asset International Investments Co. Ltd. boosted its holdings in shares of Kraft Heinz by 346.9% within the first quarter. Mirae Asset International Investments Co. Ltd. now owns 1,520,006 shares of the corporate’s inventory valued at $57,799,000 after buying a further 1,179,863 shares throughout the interval. Nordea Funding Administration AB boosted its holdings in shares of Kraft Heinz by 56.7% within the first quarter. Nordea Funding Administration AB now owns 2,840,148 shares of the corporate’s inventory valued at $104,929,000 after buying a further 1,027,636 shares throughout the interval. Lastly, Marshall Wace LLP boosted its holdings in shares of Kraft Heinz by 260.8% within the second quarter. Marshall Wace LLP now owns 1,169,657 shares of the corporate’s inventory valued at $37,686,000 after buying a further 845,490 shares throughout the interval. 78.17% of the inventory is at present owned by hedge funds and different institutional buyers.
Kraft Heinz Value Efficiency
NASDAQ:KHC opened at $35.81 on Thursday. The Kraft Heinz Firm has a 52 week low of $31.08 and a 52 week excessive of $38.96. 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 inventory has a market capitalization of $43.48 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of three.39 and a beta of 0.49. The inventory’s 50-day shifting common worth is $35.17 and its 200-day shifting common worth is $34.98.
Kraft Heinz (NASDAQ:KHC – Get Free Report) final posted its quarterly earnings information on Wednesday, July thirty first. The corporate reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. Kraft Heinz had a return on fairness of seven.38% and a web margin of seven.30%. The corporate had income of $6.50 billion for the quarter, in comparison with analysts’ expectations of $6.55 billion. Throughout the identical interval within the earlier yr, the agency posted $0.79 EPS. Kraft Heinz’s income was down 3.3% in comparison with the identical quarter final yr. As a gaggle, equities analysts count on that The Kraft Heinz Firm will publish 3.02 EPS 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 file on Friday, August thirtieth had been paid a $0.40 dividend. This represents a $1.60 dividend on an annualized foundation and a yield of 4.47%. The ex-dividend date was Friday, August thirtieth. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.
Wall Avenue Analyst Weigh In
KHC has been the topic of a lot of latest analysis studies. Financial institution of America lowered their worth goal on shares of Kraft Heinz from $42.00 to $38.00 and set a “purchase” ranking for the corporate in a analysis notice on Wednesday, July tenth. Wells Fargo & Firm boosted their worth goal on shares of Kraft Heinz from $34.00 to $35.00 and gave the inventory an “equal weight” ranking in a analysis notice on Thursday, August 1st. JPMorgan Chase & Co. lowered their worth goal on shares of Kraft Heinz from $38.00 to $37.00 and set a “impartial” ranking for the corporate in a analysis notice on Wednesday, July thirty first. Citigroup decreased their worth goal on Kraft Heinz from $41.00 to $39.00 and set a “purchase” ranking for the corporate in a report on Wednesday, October ninth. Lastly, Deutsche Financial institution Aktiengesellschaft decreased their worth goal on Kraft Heinz from $43.00 to $39.00 and set a “purchase” ranking for the corporate in a report on Wednesday, July thirty first. One funding analyst has rated the inventory with a promote ranking, 4 have assigned a maintain ranking and 6 have given a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, Kraft Heinz has a consensus ranking of “Maintain” and a consensus worth goal of $37.55.
View Our Newest Inventory Report on KHC
Insiders Place Their Bets
In different information, insider Cory Onell offered 4,076 shares of Kraft Heinz inventory in a transaction that occurred on Friday, August 2nd. The shares had been offered at a mean worth of $36.00, for a complete transaction of $146,736.00. Following 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 submitting with the Securities & Change Fee, which could be accessed by this hyperlink. Company insiders personal 0.32% of the corporate’s inventory.
Kraft Heinz Firm Profile
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-Help, Jell-O, Heinz, ABC, Grasp, Quero, Kraft, Golden Circle, Wattie’s, Pudliszki, and Plasmon manufacturers.
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