Schafer Cullen Capital Management Inc. reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 3,416 shares of the company’s stock after selling 13 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in The Kraft Heinz were worth $310,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of KHC. Rockefeller Financial Services Inc. raised its position in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Bollard Group LLC raised its position in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in The Kraft Heinz during the first quarter valued at about $109,000. Blue Chip Partners Inc. raised its position in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in The Kraft Heinz during the first quarter valued at about $136,000. 61.88% of the stock is owned by hedge funds and other institutional investors.
Shares of The Kraft Heinz Company (NASDAQ:KHC) opened at 88.19 on Friday. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The company has a market capitalization of $107.38 billion, a P/E ratio of 31.38 and a beta of 0.44. The firm’s 50 day moving average price is $87.29 and its 200-day moving average price is $89.84.
The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.01. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.44 billion. The Kraft Heinz had a return on equity of 7.25% and a net margin of 13.12%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. Analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current year.
Several equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research raised The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Berenberg Bank assumed coverage on The Kraft Heinz in a research report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price target for the company. Susquehanna Bancshares Inc set a $99.00 price target on The Kraft Heinz and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Finally, Piper Jaffray Companies assumed coverage on The Kraft Heinz in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $97.96.
The Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged 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.
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