Economy

Has $2.01 Million Stake in The Kraft Heinz Company (KHC)

Estimates are also trending downward for 2017 and 2018 over the last 60 days.

Other institutional investors have also recently bought and sold shares of the company. Morgan Stanley's target indicates a potential upside of 18.34 % from the company's current stock price. The firm has "Positive" rating by Susquehanna given on Friday, August 26. BMO Capital Markets reiterated a "hold" rating and set a $96.00 target price on shares of The Kraft Heinz in a research report on Wednesday, September 6th.

On October 4 the company was downgraded to "Neutral" from "Conviction Buy" in an announcement from Goldman Sachs. The stock of Kraft Heinz Co (NASDAQ:KHC) has "Buy" rating given on Wednesday, April 27 by Argus Research.

Among 15 analysts covering Kraft Heinz (NASDAQ:KHC), 10 have Buy rating, 0 Sell and 5 Hold. Stifel Nicolaus maintained it with "Buy" rating and $95.0 target in Monday, August 14 report.

Kraft Heinz has a 50 day moving average of 79.13 and a 200 day moving average of 82.29. The Kraft Heinz Company has a one year low of $76.76 and a one year high of $97.77. The company has a market cap of $94.71 billion, a price-to-earnings ratio of 24.92 and a beta of 0.44.

First National Trust Co. raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). After $0.98 actual EPS reported by Kraft Heinz Co for the previous quarter, Wall Street now forecasts -15.31% negative EPS growth. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate 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's quarterly revenue was down 1.7% compared to the same quarter past year. During the same period in the prior year, the firm posted $0.73 EPS. On average, analysts expect that The Kraft Heinz will post $3.24 EPS for the current year. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & global copyright and trademark laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/10/16/the-kraft-heinz-company-khc-shares-sold-by-northwestern-mutual-investment-management-company-llc.html.

06/07/2017 - Berenberg Bank began new coverage on Kraft Heinz giving the company a "buy" rating. Shareholders of record on Friday, August 18th were issued a $0.625 dividend. The ex-dividend date is Wednesday, May 17th. Finally, Fiduciary Trust Co. boosted its stake in The Kraft Heinz by 37.4% during the first quarter. This represents a $2.40 annualized dividend and a yield of 2.57%. The Kraft Heinz's dividend payout ratio is presently 79.87%. Hedge funds and other institutional investors own 61.80% of the company's stock. Ltd. boosted its position in shares of Kraft Heinz by 53.5% in the third quarter. Finally, RMB Capital Management LLC boosted its stake in shares of The Kraft Heinz by 0.9% in the 1st quarter. The firm owned 23,485 shares of the company's stock after purchasing an additional 2,655 shares during the quarter. Lincoln National Corp grew its stake in The Kraft Heinz by 15.3% in the 2nd quarter. Waldron LP now owns 4,518 shares of the company's stock worth $410,000 after acquiring an additional 247 shares during the period. State of Tennessee Treasury Department now owns 779,339 shares of the company's stock worth $69,759,000 after buying an additional 438,084 shares in the last quarter. 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.

The Kraft Heinz Company (Kraft Heinz), launched on February 8, 2013, is a food and beverage company.



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