The Kraft Heinz Company (KHC) Stake Raised by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,631 shares of the company’s stock after buying an additional 2 shares during the period. The Kraft Heinz makes up 1.0% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 26th largest position. Mark Sheptoff Financial Planning LLC’s holdings in The Kraft Heinz were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of The Kraft Heinz during the fourth quarter worth approximately $344,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of The Kraft Heinz during the fourth quarter worth approximately $6,097,000. Credit Agricole S A raised its stake in shares of The Kraft Heinz by 7.7% in the fourth quarter. Credit Agricole S A now owns 492,052 shares of the company’s stock worth $42,966,000 after buying an additional 35,275 shares in the last quarter. Edge Asset Management Inc. raised its stake in shares of The Kraft Heinz by 3.3% in the fourth quarter. Edge Asset Management Inc. now owns 1,020,709 shares of the company’s stock worth $89,128,000 after buying an additional 32,636 shares in the last quarter. Finally, Northwest Quadrant Wealth Management LLC acquired a new stake in shares of The Kraft Heinz during the fourth quarter worth approximately $128,000. Institutional investors own 61.88% of the company’s stock.

Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 0.62% during trading on Friday, hitting $87.64. 1,902,723 shares of the stock traded hands. The stock has a 50 day moving average price of $87.15 and a 200-day moving average price of $89.85. The Kraft Heinz Company has a 1-year low of $79.69 and a 1-year high of $97.77. The stock has a market cap of $106.71 billion, a price-to-earnings ratio of 31.19 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.01. The Kraft Heinz had a net margin of 13.12% and a return on equity of 7.25%. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. Equities analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “The Kraft Heinz Company (KHC) Stake Raised by Mark Sheptoff Financial Planning LLC” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2017/07/30/mark-sheptoff-financial-planning-llc-purchases-2-shares-of-the-kraft-heinz-company-khc-updated-updated-updated.html.

KHC has been the topic of several analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Berenberg Bank initiated coverage on shares of The Kraft Heinz in a research report on Wednesday, June 7th. They set a “buy” rating and a $102.00 price target on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $96.00 price target on shares of The Kraft Heinz in a research report on Thursday, June 15th. Finally, Susquehanna Bancshares Inc set a $99.00 price target on shares of The Kraft Heinz and gave the stock a “hold” rating in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The Kraft Heinz has an average rating of “Buy” and a consensus price target of $97.96.

About The Kraft Heinz

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.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for The Kraft Heinz Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Kraft Heinz Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply