Homrich & Berg held its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,916 shares of the company’s stock at the end of the first quarter. Homrich & Berg’s holdings in The Kraft Heinz were worth $356,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Thornburg Investment Management Inc. raised its stake in shares of The Kraft Heinz by 9,061.9% in the first quarter. Thornburg Investment Management Inc. now owns 1,145,240 shares of the company’s stock worth $103,999,000 after buying an additional 1,132,740 shares in the last quarter. Vontobel Asset Management Inc. raised its stake in The Kraft Heinz by 171.3% in the first quarter. Vontobel Asset Management Inc. now owns 1,584,306 shares of the company’s stock valued at $146,945,000 after buying an additional 1,000,336 shares in the last quarter. FMR LLC raised its stake in The Kraft Heinz by 9.8% in the first quarter. FMR LLC now owns 8,856,976 shares of the company’s stock valued at $804,302,000 after buying an additional 790,267 shares in the last quarter. Alliancebernstein L.P. raised its stake in The Kraft Heinz by 75.7% in the first quarter. Alliancebernstein L.P. now owns 1,779,354 shares of the company’s stock valued at $161,583,000 after buying an additional 766,682 shares in the last quarter. Finally, JGP Global Gestao de Recursos Ltda. raised its stake in The Kraft Heinz by 1,554.4% in the first quarter. JGP Global Gestao de Recursos Ltda. now owns 506,888 shares of the company’s stock valued at $46,030,000 after buying an additional 476,250 shares in the last quarter. Hedge funds and other institutional investors own 61.93% of the company’s stock.
Shares of The Kraft Heinz Company (KHC) opened at 86.87 on Thursday. The firm has a 50-day moving average price of $86.92 and a 200 day moving average price of $89.90. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77. The company has a market capitalization of $105.78 billion, a P/E ratio of 30.91 and a beta of 0.44.
The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.01. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.44 billion. The Kraft Heinz had a net margin of 13.12% and a return on equity of 7.25%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.73 EPS. On average, equities research analysts predict that The Kraft Heinz Company will post $3.24 earnings per share for the current year.
Several research firms recently weighed in on KHC. Royal Bank Of Canada set a $96.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, June 3rd. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, July 29th. Berenberg Bank began coverage on The Kraft Heinz in a research report on Wednesday, June 7th. They set a “buy” rating and a $102.00 price target on the stock. Finally, Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz has an average rating of “Buy” and an average price target of $97.96.
About The Kraft Heinz
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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