Markets

The Kraft Heinz Company

The Kraft Heinz Company

The Kraft Heinz accounts for about 2.0% of Venturi Wealth Management LLC's holdings, making the stock its 8th largest position. V Wealth Management LLC purchased a new position in shares of The Kraft Heinz during the second quarter worth $125,000. Cape Cod Five Cents Savings Bank boosted its position in shares of The Kraft Heinz by 9.3% in the first quarter. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Finally, CENTRAL TRUST Co boosted its position in shares of The Kraft Heinz by 0.5% in the first quarter. FMR LLC now owns 8,856,976 shares of the company's stock valued at $804,302,000 after buying an additional 790,267 shares during the last quarter. Pillar Pacific Capital Management LLC now owns 3,693 shares of the company's stock worth $335,000 after buying an additional 262 shares in the last quarter. Peachtree Investment Advisors Inc. now owns 18,063 shares of the company's stock worth $1,640,000 after buying an additional 334 shares in the last quarter. State Street Corp raised its position in shares of The Kraft Heinz by 2.8% in the first quarter. Institutional investors own 61.93% of the company's stock. The institutional investor owned 51,044 shares of the company's stock after buying an additional 4,049 shares during the period.

The Kraft Heinz (NASDAQ:KHC) traded up 0.17% during midday trading on Friday, reaching $86.66. The company has a market capitalization of $105.52 billion, a price-to-earnings ratio of 30.84 and a beta of 0.44. The share price has moved forward from its 20 days moving average, trading at a distance of 0.91% and stays -2.26% away from its 50 days moving average. The Kraft Heinz has a 52-week low of $79.69 and a 52-week high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.96 by $0.02. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.44 billion. While Kraft Heinz has paid lip service on the need to up investments behind its brands, we have yet to see evidence that it is willing to sacrifice margin improvement to do so. The Kraft Heinz Company (KHC) has made its way to a 12-month gain of 1.9%. However, we've long thought this stringent eye on cost management was only half of the equation, and progress generating even modest top-line gains has continued to prove elusive; organic sales slipped 0.9% in the quarter (on top of a weak year-ago quarter, during which sales ticked down 0.5%), reflecting 0.4% lower prices and a 0.5% negative hit from decreased volumes and unfavorable mix. CENTRAL TRUST Co increased its stake in The Kraft Heinz by 0.5% in the first quarter. This represents a $2.50 dividend on an annualized basis and a yield of 2.89%. The Kraft Heinz's dividend payout ratio (DPR) is presently 85.11%.




TRADEMARK VIOLATION WARNING: "2,829 Shares in The Kraft Heinz Company (KHC) Acquired by Roanoke Asset Management Corp NY" was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law.

Several research firms have recently issued reports on KHC. Berenberg Bank began coverage on shares of The Kraft Heinz in a research note on Wednesday, June 7th. Zacks Investment Research raised The Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Thursday, July 20th. Finally, Vetr cut The Kraft Heinz from a "buy" rating to a "hold" rating and set a $95.36 price objective for the company.in a research note on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock.


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