Economy

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

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.



Like this

Latest


16 October 2017
FY2017 EPS Estimates for Philip Morris International Inc. (PM) Increased by Analyst
Finally, Acropolis Investment Management LLC increased its stake in Philip Morris International by 0.5% during the second quarter. It dropped, as 53 investors sold PM shares while 558 reduced holdings. 118 funds opened positions while 421 raised stakes.

16 October 2017
Ronald Koeman's position at Everton questioned by mayor of Liverpool
But, with the clock ticking down, Seagulls defender Bruno elbowed Dominic Calvert-Lewin in the area as a free-kick was floated in. The Toffees needed a last-minute penalty from Wayne Rooney to rescue a 1-1 draw at Brighton on Sunday.

16 October 2017
Wales change selection policy for overseas-based players
WRU chief executive Martyn Phillips outlined when the policy will come into action. 'Whatever contract that a player is in today that contract is protected, ' he said.

16 October 2017
AK Steel Holding Corporation (AKS) to Release Earnings on Monday
Finally, Public Employees Retirement System of OH raised its position in AK Steel Holding Corporation by 2.7% in the 2nd quarter. This shows Division Of Investment, Department Of The Treasury, State Of New Jersey's positive view for Ak Steel Holding Corp.

16 October 2017
$0.40 EPS Expected for ON Semiconductor Corp (ON)
The investment professionals in our partner's database now hold: 311.68 million shares, up from 302.23 million shares in 2017Q1. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned "Buy" rating by KeyBanc Capital Markets on Friday, October 6.

16 October 2017
Trump campaign legal bills topped $1 million last quarter
The campaign committee also reimbursed the president's company, the Trump Organization, $25,800 for legal consulting. The campaign raised $10.1 million during that period, surpassing the previous quarter's almost $8 million haul.

16 October 2017
Record Alert: Australian cricketer hammers 40 sixes in an innings of 307
Also, five of Dunstan's teammates were back to the pavilion without getting off the mark. "I think I owe Bannerman a carton". Other than Augusta, just one other batsman could score in double digits while six batsmen recorded ducks.

16 October 2017
South Park: The Fractured but Whole season pass announced
Since this is South Park , it should be obvious that the. shall we say "unique" brand of humor is bound to ruffle some feathers. While you're roaming South Park , you can walk up to people a press the right shoulder button to take a selfie with them.

16 October 2017
Facebook and charities to offer digital safety ambassadors to secondary schools
More than two-thirds of teenagers would like schools to provide more support on online safety issues such as cyber-bullying, new research suggests.

16 October 2017
Nasa has found the reason behind Earth's record carbon dioxide spike
NASA researcher Junjie Liu used the advanced spectrographic tools on OCO-2 to determine how carbon levels are changing over time. NASA has stated the reason for this increase to the overheating of three major tropical forests regions across the globe.



Recommended