Turim 21 Investimentos Ltda. Acquires Shares of 635,526 Kraft Heinz Co (KHC)

Turim 21 Investimentos Ltda. purchased a new position in Kraft Heinz Co (NASDAQ:KHC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 635,526 shares of the company’s stock, valued at approximately $49,126,000. Kraft Heinz makes up approximately 11.6% of Turim 21 Investimentos Ltda.’s investment portfolio, making the stock its 3rd biggest holding. Turim 21 Investimentos Ltda. owned about 0.05% of Kraft Heinz as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. boosted its position in Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after buying an additional 950 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in Kraft Heinz in the 2nd quarter valued at about $121,000. Blue Chip Partners Inc. boosted its position in Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after buying an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Kraft Heinz by 7.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 62.02% of the company’s stock.

Kraft Heinz Co (NASDAQ KHC) traded down $0.16 during mid-day trading on Friday, reaching $77.76. 2,443,452 shares of the company traded hands, compared to its average volume of 3,168,410. The firm has a market capitalization of $94,943.02, a price-to-earnings ratio of 24.22, a PEG ratio of 2.16 and a beta of 0.45. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. Kraft Heinz Co has a 52 week low of $75.21 and a 52 week high of $97.77.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. research analysts predict that Kraft Heinz Co will post 3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.22%. The ex-dividend date was Thursday, November 16th. Kraft Heinz’s payout ratio is 77.88%.

A number of equities research analysts recently commented on the stock. UBS Group reissued a “buy” rating and set a $89.00 target price (down previously from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Credit Suisse Group set a $100.00 target price on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. Piper Jaffray Companies raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Royal Bank of Canada restated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Finally, Susquehanna Bancshares restated a “hold” rating and set a $84.00 price target on shares of Kraft Heinz in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Kraft Heinz has an average rating of “Buy” and a consensus price target of $92.49.

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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 Kraft Heinz (NASDAQ:KHC)

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