The Kraft Heinz Company (KHC) Shares Bought by Cypress Capital Group

Cypress Capital Group lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,843 shares of the company’s stock after purchasing an additional 104 shares during the period. Cypress Capital Group’s holdings in The Kraft Heinz were worth $243,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its position in shares of The Kraft Heinz by 16.6% during the second quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock worth $100,000 after purchasing an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Kraft Heinz by 287.9% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares during the period. V Wealth Management LLC acquired a new stake in shares of The Kraft Heinz during the second quarter worth $125,000. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of The Kraft Heinz by 7.0% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock worth $139,000 after purchasing an additional 100 shares during the period. 61.69% of the stock is currently owned by institutional investors.

The Kraft Heinz Company (NASDAQ KHC) opened at $79.72 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a 52-week low of $75.21 and a 52-week high of $97.77. The firm has a market capitalization of $97,136.27, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.21 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. equities analysts predict that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a yield of 3.14%. The Kraft Heinz’s dividend payout ratio (DPR) is currently 77.88%.

A number of brokerages have recently issued reports on KHC. Credit Suisse Group set a $100.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of The Kraft Heinz in a research report on Tuesday, August 1st. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies set a $92.00 target price on The Kraft Heinz and gave the stock a “hold” rating in a research report on Wednesday, August 16th. Finally, Berenberg Bank set a $102.00 target price on The Kraft Heinz and gave the stock a “buy” rating in a research report on Monday, August 7th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.49.

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

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