Kraft Heinz Co (NASDAQ:KHC) Shares Sold by Guggenheim Capital LLC
Guggenheim Capital LLC lowered its stake in Kraft Heinz Co (NASDAQ:KHC) by 15.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 415,042 shares of the company’s stock after selling 75,235 shares during the quarter. Guggenheim Capital LLC’s holdings in Kraft Heinz were worth $10,268,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Hi Line Capital Management LLC raised its holdings in shares of Kraft Heinz by 0.4% during the 4th quarter. Hi Line Capital Management LLC now owns 193,578 shares of the company’s stock worth $6,220,000 after acquiring an additional 708 shares during the period. Mid Atlantic Financial Management Inc. ADV purchased a new position in shares of Kraft Heinz during the 4th quarter worth $302,000. Aperio Group LLC raised its holdings in shares of Kraft Heinz by 16.5% during the 1st quarter. Aperio Group LLC now owns 457,266 shares of the company’s stock worth $11,313,000 after acquiring an additional 64,639 shares during the period. Texas Permanent School Fund raised its holdings in shares of Kraft Heinz by 3.3% during the 1st quarter. Texas Permanent School Fund now owns 113,229 shares of the company’s stock worth $2,801,000 after acquiring an additional 3,573 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Kraft Heinz by 101.6% during the 4th quarter. Landscape Capital Management L.L.C. now owns 325,491 shares of the company’s stock worth $10,458,000 after acquiring an additional 164,030 shares during the period. 57.78% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $27.00 price target on shares of Kraft Heinz in a report on Tuesday, April 7th. Bank of America raised Kraft Heinz from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $32.00 to $38.00 in a research report on Monday, May 18th. Barclays reissued a “hold” rating and set a $32.00 price objective on shares of Kraft Heinz in a research report on Sunday, May 3rd. ValuEngine downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, BidaskClub raised Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.61.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, April 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.14 billion. Kraft Heinz had a return on equity of 6.54% and a net margin of 7.58%. Kraft Heinz’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, sell-side analysts anticipate that Kraft Heinz Co will post 2.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Thursday, May 28th. Kraft Heinz’s dividend payout ratio is presently 56.14%.
About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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