Mutual of America Capital Management LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,073 shares of the company’s stock after buying an additional 2,024 shares during the period. Mutual of America Capital Management LLC’s holdings in The Kraft Heinz were worth $6,545,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Rockefeller Financial Services Inc. increased its stake in The Kraft Heinz by 240.2% in the first quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock worth $103,000 after buying an additional 800 shares during the last quarter. Bollard Group LLC increased its stake in The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock worth $104,000 after buying an additional 8 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in The Kraft Heinz during the first quarter worth about $109,000. Northwest Quadrant Wealth Management LLC bought a new stake in The Kraft Heinz during the fourth quarter worth about $128,000. Finally, Blue Chip Partners Inc. increased its position in shares of The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. 61.88% of the stock is currently owned by institutional investors.
Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 0.62% during midday trading on Friday, hitting $87.64. 1,902,723 shares of the stock were exchanged. The stock’s 50 day moving average is $87.29 and its 200 day moving average is $89.84. The firm has a market cap of $106.71 billion, a P/E ratio of 31.19 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.44 billion. The Kraft Heinz had a net margin of 13.12% and a return on equity of 7.25%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. On average, equities research analysts forecast that The Kraft Heinz Company will post $3.24 earnings per share for the current fiscal year.
Several research analysts recently issued reports on KHC shares. Credit Suisse Group restated an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Berenberg Bank initiated coverage on The Kraft Heinz in a report on Wednesday, June 7th. They issued a “buy” rating and a $102.00 price target for the company. BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price target on shares of The Kraft Heinz in a report on Thursday, June 15th. Finally, Susquehanna Bancshares Inc set a $99.00 price target on The Kraft Heinz and gave the company a “hold” rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $97.96.
The Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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