Clifford Swan Investment Counsel LLC boosted its holdings in Kraft Heinz Co (NASDAQ:KHC) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,904 shares of the company’s stock after buying an additional 11,659 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Kraft Heinz were worth $2,559,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Westside Investment Management Inc. grew its stake in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares during the period. Rational Advisors LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $117,000. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz in the 2nd quarter worth approximately $121,000. Cerebellum GP LLC bought a new position in Kraft Heinz in the 4th quarter worth approximately $124,000. Finally, GWM Advisors LLC bought a new position in Kraft Heinz in the 2nd quarter worth approximately $137,000. 63.24% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Morgan Stanley dropped their price target on Kraft Heinz from $88.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 20th. Susquehanna Bancshares dropped their price target on Kraft Heinz from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Credit Suisse Group restated an “outperform” rating and issued a $77.00 price target (down from $92.00) on shares of Kraft Heinz in a research note on Tuesday, February 20th. Finally, Vetr upgraded Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price target for the company in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $85.78.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, February 16th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. sell-side analysts predict that Kraft Heinz Co will post 3.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 annualized dividend and a yield of 3.71%. Kraft Heinz’s payout ratio is presently 27.90%.
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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.
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