Kraft Heinz Co (KHC) Shares Bought by Boys Arnold & Co. Inc.
Boys Arnold & Co. Inc. boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 24.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,000 shares of the company’s stock after purchasing an additional 983 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Kraft Heinz were worth $389,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Symphony Asset Management LLC lifted its holdings in Kraft Heinz by 15.6% in the 2nd quarter. Symphony Asset Management LLC now owns 32,363 shares of the company’s stock valued at $2,772,000 after purchasing an additional 4,377 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in Kraft Heinz by 40.9% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 6,064 shares of the company’s stock valued at $519,000 after purchasing an additional 1,760 shares in the last quarter. U S Global Investors Inc. purchased a new position in Kraft Heinz in the 2nd quarter valued at $388,000. Iberiabank Corp lifted its holdings in Kraft Heinz by 7.4% in the 3rd quarter. Iberiabank Corp now owns 20,479 shares of the company’s stock valued at $1,588,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Kraft Heinz by 1.2% in 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 in the last quarter. 61.93% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on KHC. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Group started coverage on Kraft Heinz in a report on Friday, January 19th. They set a “buy” rating and a $95.00 price target on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $94.00 price target (up previously from $90.00) on shares of Kraft Heinz in a report on Tuesday. Finally, Morgan Stanley reduced their price target on Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Kraft Heinz currently has a consensus rating of “Buy” and an average price target of $92.90.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. Kraft Heinz’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. research analysts expect that Kraft Heinz Co will post 3.61 earnings per share for the current year.
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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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