Albion Financial Group UT Has $3.94 Million Holdings in The Kraft Heinz Company (KHC)

Albion Financial Group UT lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,038 shares of the company’s stock after selling 125 shares during the period. Albion Financial Group UT’s holdings in The Kraft Heinz were worth $3,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Westside Investment Management Inc. raised its stake 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 valued at $100,000 after acquiring an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake 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 valued at $110,000 after acquiring an additional 950 shares in the last quarter. V Wealth Management LLC bought a new stake in shares of The Kraft Heinz during the second quarter valued at approximately $125,000. Blue Chip Partners Inc. raised its stake 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 valued at $127,000 after acquiring an additional 8 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake 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 valued at $139,000 after acquiring an additional 100 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

The Kraft Heinz Company (NASDAQ:KHC) opened at $79.72 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The Kraft Heinz Company has a 1-year low of $75.21 and a 1-year high of $97.77. The stock has a market cap of $97,136.27, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43.

The Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. sell-side analysts anticipate that The Kraft Heinz Company will post 3.61 EPS for the current fiscal year.

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

Several research firms have recently weighed in on KHC. BidaskClub raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Friday. Berenberg Bank set a $102.00 price target on shares of The Kraft Heinz and gave the company a “buy” rating in a research note on Monday, August 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of The Kraft Heinz in a research note on Wednesday, August 9th. BMO Capital Markets decreased their price target on shares of The Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $90.00 price target (down previously from $100.00) on shares of The Kraft Heinz in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The Kraft Heinz presently has a consensus rating of “Buy” and an average target price of $92.49.

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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.

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

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