Dynamic Technology Lab Private Ltd Buys Shares of 11,200 Kraft Heinz Co (KHC)
Dynamic Technology Lab Private Ltd bought a new position in Kraft Heinz Co (NASDAQ:KHC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,200 shares of the company’s stock, valued at approximately $869,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its position in Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after buying an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after buying an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Kraft Heinz during the 2nd quarter worth about $121,000. Blue Chip Partners Inc. lifted its position in Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after buying an additional 8 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Kraft Heinz by 7.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after buying an additional 100 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kraft Heinz Co (KHC) opened at $81.92 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43. The company has a market capitalization of $99,800.00 and a PE ratio of 22.81. Kraft Heinz Co has a 52 week low of $75.21 and a 52 week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. Kraft Heinz’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. sell-side analysts predict that Kraft Heinz Co will post 3.61 earnings per share for the current year.
The business 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 $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.05%. Kraft Heinz’s dividend payout ratio (DPR) is presently 77.88%.
Several research analysts recently issued reports on KHC shares. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets reduced their price target on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup cut their target price on shares of Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and cut their target price for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.49.
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Kraft Heinz 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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