Economy

The Kraft Heinz (KHC) Receiving Somewhat Positive News Coverage, Study Shows

Stearns Financial Services Group reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.6% during the fourth quarter, Holdings Channel reports. The Business's products are sold through its own sales organizations and 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, foodservice distributors and institutions, including hotels, restaurants, hospitals, healthcare facilities and certain government agencies.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Chip Partners Inc. boosted its holdings in The Kraft Heinz by 0.5% in the first quarter. WFG Advisors LP now owns 4,385 shares of the company's stock valued at $376,000 after buying an additional 517 shares during the period. Morgan Stanley boosted its position in shares of The Kraft Heinz by 55.6% in the 1st quarter. Huntington National Bank has an ownership of 201,242 stocks of the firms shares valued $18,275,000 following purchasing an extra 60,919 shares through out the quarter. Finally, Enterprise Financial Services Corp increased its position in The Kraft Heinz by 11.8% during the first quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company's stock valued at $138,000 after acquiring an additional 160 shares during the period. Vontobel Asset Management Inc.'s holdings in The Kraft Heinz were worth $47,585,000 at the end of the most recent quarter. MD now owns 6,343,639 shares of the company's stock valued at $567,819,000 after buying an additional 3,130,960 shares during the last quarter. V Wealth Management LLC purchased a new stake in The Kraft Heinz during the second quarter valued at $125,000. Company's sales for the period was down 1.7% compared with the same period in the prior year. for the same period in the previous fiscal year, company earned $0.85 Earnings Per Share. Hedge funds and other institutional investors own 61.47% of the company's stock.

The Kraft Heinz Company (NASDAQ:KHC), stock is trading $97.77 above the 52-week high and has displayed a high EPS growth of 24.30% in last 5 years. Vetr lowered shares of The Kraft Heinz Company from a "buy" rating to a "hold" rating and set a $88.44 price target on the stock.in a report on Thursday, December 15th. The firm's 50 day moving average price is $81.87 and its 200 day moving average price is $86.12. The stock has a market cap of $98.97 billion, a price-to-earnings ratio of 26.04 and a beta of 0.45. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77.

Fossil Group, Inc. (FOSL) surprised the stock market in its last reported earnings when it earned -$0.23 a piece versus the consensus-estimated -$0.46. The company had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%.

The Kraft Heinz Company (Kraft Heinz), launched on February 8, 2013, is a food and beverage company. The P/S ratio for The Kraft Heinz Company is 3.79.

The company also declared a dividend for shareholders that was paid on Fri Sep 15, 2017. With short interest at 13,577,006 and short average daily volume at 2,914,310, days to cover is 5.0 and the percentage of shorted shares is 0.01% as of August 31. The ex-dividend date of this dividend is Wednesday, March 1st. This is a boost from The Kraft Heinz's previous quarterly dividend of $0.60. This represents a $2.50 annualized dividend and a dividend yield of 3.07%. The Kraft Heinz's dividend payout ratio (DPR) is now 79.87%.

The Kraft Heinz Company is a food and beverage company. They set a "neutral" rating and a $94.00 target price on the stock. Berenberg Bank assumed coverage on shares of The Kraft Heinz in a research report on Wednesday, June 7th. They issued a "buy" rating and a $103.00 price target on the stock. Zacks Investment Research cut The Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. There are brokerage firms with lower targets than the average, including one setting a price target of $70.

News headlines about The Kraft Heinz (NASDAQ:KHC) have trended somewhat positive this week, Accern Sentiment reports. If you are reading this piece of content on another website, it was copied illegally and republished in violation of USA & global copyright and trademark law.



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