Hutner Capital Management Inc. Grows Position in The Kraft Heinz Company (KHC)

Hutner Capital Management Inc. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,113 shares of the company’s stock after buying an additional 6,575 shares during the quarter. The Kraft Heinz comprises about 3.4% of Hutner Capital Management Inc.’s holdings, making the stock its 11th largest position. Hutner Capital Management Inc.’s holdings in The Kraft Heinz were worth $4,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MML Investors Services LLC increased its stake in shares of The Kraft Heinz by 3.6% in the second quarter. MML Investors Services LLC now owns 42,303 shares of the company’s stock worth $3,623,000 after buying an additional 1,459 shares during the period. TIAA FSB purchased a new position in The Kraft Heinz during the 2nd quarter valued at $10,699,000. FMR LLC increased its position in The Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after purchasing an additional 2,659,846 shares during the period. Vanguard Group Inc. increased its position in The Kraft Heinz by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after purchasing an additional 487,241 shares during the period. Finally, PagnatoKarp Partners LLC increased its position in The Kraft Heinz by 1.3% during the 2nd quarter. PagnatoKarp Partners LLC now owns 5,030 shares of the company’s stock valued at $431,000 after purchasing an additional 63 shares during the period. 61.59% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have issued reports on KHC. BidaskClub raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. Citigroup Inc. dropped their price target on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, Morgan Stanley lowered their target price on shares of The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.49.

The Kraft Heinz Company (KHC) traded up $0.13 during trading hours on Tuesday, hitting $79.85. The stock had a trading volume of 3,254,200 shares, compared to its average volume of 3,089,256. The Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a market capitalization of $96,700.00 and a P/E ratio of 22.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

The Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. analysts forecast that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.13%. The Kraft Heinz’s dividend payout ratio is currently 77.88%.

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.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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