Suffolk Capital Management LLC raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,121 shares of the company’s stock after buying an additional 10,668 shares during the period. The Kraft Heinz comprises 1.8% of Suffolk Capital Management LLC’s portfolio, making the stock its 19th largest position. Suffolk Capital Management LLC’s holdings in The Kraft Heinz were worth $13,088,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of KHC. Rockefeller Financial Services Inc. increased its position in shares of The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC increased its position in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of The Kraft Heinz during the first quarter worth about $109,000. Blue Chip Partners Inc. increased its position in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of The Kraft Heinz during the first quarter worth about $136,000. 61.88% of the stock is owned by institutional investors.
Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 87.64 on Friday. The stock has a market capitalization of $106.71 billion, a price-to-earnings ratio of 31.19 and a beta of 0.44. The stock’s 50 day moving average is $87.15 and its 200-day moving average is $89.85. The Kraft Heinz Company has a one year low of $79.69 and a one year high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The Kraft Heinz had a return on equity of 7.25% and a net margin of 13.12%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The Kraft Heinz’s revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts predict that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.
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A number of equities analysts have recently issued reports on KHC shares. Goldman Sachs Group, Inc. (The) upped their price target on The Kraft Heinz from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Vetr downgraded The Kraft Heinz from a “buy” rating to a “hold” rating and set a $95.36 price target on the stock. in a research report on Wednesday, April 12th. Zacks Investment Research downgraded The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Credit Suisse Group reaffirmed an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $98.00 price target on shares of The Kraft Heinz in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average 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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