Fayez Sarofim & Co lessened its position in Kraft Heinz Co (NASDAQ:KHC) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,118,910 shares of the company’s stock after selling 6,964 shares during the period. Fayez Sarofim & Co owned approximately 0.17% of Kraft Heinz worth $131,987,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Compton Capital Management Inc. RI raised its position in shares of Kraft Heinz by 15.1% during the fourth quarter. Compton Capital Management Inc. RI now owns 5,340 shares of the company’s stock worth $415,000 after purchasing an additional 700 shares during the period. GW&K Investment Management LLC raised its position in shares of Kraft Heinz by 6.1% during the fourth quarter. GW&K Investment Management LLC now owns 12,200 shares of the company’s stock worth $949,000 after purchasing an additional 704 shares during the period. Profund Advisors LLC raised its position in shares of Kraft Heinz by 0.9% during the fourth quarter. Profund Advisors LLC now owns 78,886 shares of the company’s stock worth $6,134,000 after purchasing an additional 705 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Kraft Heinz by 9.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 8,129 shares of the company’s stock worth $639,000 after purchasing an additional 710 shares during the period. Finally, Advisor Partners LLC raised its position in shares of Kraft Heinz by 5.2% during the fourth quarter. Advisor Partners LLC now owns 14,820 shares of the company’s stock worth $1,181,000 after purchasing an additional 726 shares during the period. 62.31% of the stock is currently owned by institutional investors.
In related news, Director Mackey J. Mcdonald purchased 669 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was bought at an average price of $60.27 per share, for a total transaction of $40,320.63. Following the purchase, the director now owns 17,486 shares in the company, valued at approximately $1,053,881.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.81% of the company’s stock.
Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 2nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.32 billion. Kraft Heinz had a return on equity of 7.06% and a net margin of 42.41%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. equities research analysts forecast that Kraft Heinz Co will post 3.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 18th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.50 annualized dividend and a dividend yield of 4.12%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.42%.
KHC has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Kraft Heinz from $88.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Societe Generale initiated coverage on Kraft Heinz in a report on Thursday, March 15th. They set a “sell” rating on the stock. Barclays lowered their price target on Kraft Heinz from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, March 29th. Deutsche Bank lowered their price target on Kraft Heinz from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, May 3rd. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $77.00 price target (down previously from $92.00) on shares of Kraft Heinz in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $77.85.
Kraft Heinz Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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