The Kraft Heinz Company

Economy

The Kraft Heinz Company

21 June 2017, 01:33

New Mexico Educational Retirement Board cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. CENTRAL TRUST Co now owns 66,670 shares of the company's stock valued at $6,054,000 after buying an additional 362 shares during the last quarter.

Other hedge funds have also bought and sold shares of the company. Gratus Capital LLC boosted its stake in The Kraft Heinz Company by 0.3% in the fourth quarter. The institutional investor owned 2,397 shares of the company's stock after selling 42 shares during the period. Finally, Blue Chip Partners Inc. increased its position in The Kraft Heinz Company by 0.5% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company's stock valued at $104,000 after buying an additional 8 shares in the last quarter. BB&T Corp's holdings in The Kraft Heinz Company were worth $12,682,000 at the end of the most recent reporting period. Crestwood Advisors Group LLC acquired a new position in The Kraft Heinz Company during the first quarter worth $109,000. Rockefeller Financial Services Inc. now owns 1,133 shares of the company's stock valued at $103,000 after buying an additional 800 shares during the last quarter. The average 1-year price target for General Mills, Inc. Finally, Capital Investment Advisors LLC boosted its stake in The Kraft Heinz Company by 0.4% in the first quarter. Price T Rowe Associates Inc. Ltd. now owns 1,072,347 shares of the company's stock valued at $93,701,000 after buying an additional 996,242 shares during the period.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.484% during mid-day trading on Tuesday, hitting $89.415. The firm has a 50-day moving average price of $90.96 and a 200 day moving average price of $89.60. The stock has a market cap of $109.40 billion, a price-to-earnings ratio of 31.98 and a beta of 0.42. The stock notched a 12-month high of $97.00 while $106.00 target is by far the most aggressive out of analysts who are now evaluating the company, $9 higher than the next highest 52-week price estimate. The Kraft Heinz Company (KHC) earnings have risen with an annualized rate of 24.3% over the last 5 years.

The company's consensus rating on Reuter's scale remained unchanged from 1.67 to 1.67 during a month. The Kraft Heinz Company had a net margin of 13.12% and a return on equity of 7.25%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.44 billion. This represents the Zacks consensus EPS measured at the time of writing. The company's revenue for the quarter was down 3.1% compared to the same quarter past year.

Oasis Petroleum Inc. (OAS) have shown a high EPS growth of -28.70% in the last 5 years and has earnings decline of -328.10% yoy.

The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, May 19th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. The Kraft Heinz Company's dividend payout ratio is now 85.11%.

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Several brokerages have weighed in on KHC. Credit Suisse Group reiterated an "outperform" rating on shares of The Kraft Heinz Company in a research report on Sunday, April 23rd. They issued a "buy" rating and a $102.00 price target for the company. Vetr raised shares of The Kraft Heinz Company from a "hold" rating to a "buy" rating and set a $95.36 price target for the company in a report on Monday, March 27th. (The) raised their price target on shares of The Kraft Heinz Company from $95.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 4th. Berenberg analysts stated on 07/06/2017 that they launched coverage on this stock with Buy rating. The Kraft Heinz Company now has an average rating of "Buy" and an average target price of $98.45.

Kraft Heinz Co (KHC) sells its products through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, hotels, restaurants, hospitals, health care facilities, and certain government agencies, as well as through its own sales organizations.

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