Cannell Peter B & Co. Inc. Has $4.28 Million Holdings in Kraft Heinz Co (KHC)

Cannell Peter B & Co. Inc. boosted its stake in Kraft Heinz Co (NASDAQ:KHC) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,177 shares of the company’s stock after purchasing an additional 1,325 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Kraft Heinz were worth $4,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of KHC. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 42,636,788 shares of the company’s stock valued at $3,651,416,000 after acquiring an additional 487,241 shares during the last quarter. BlackRock Inc. boosted its position in shares of Kraft Heinz by 1.7% during the 2nd quarter. BlackRock Inc. now owns 33,115,081 shares of the company’s stock valued at $2,835,974,000 after acquiring an additional 562,183 shares during the last quarter. State Street Corp boosted its position in shares of Kraft Heinz by 2.8% during the 1st quarter. State Street Corp now owns 24,579,995 shares of the company’s stock valued at $2,232,113,000 after acquiring an additional 680,941 shares during the last quarter. FMR LLC boosted its position in shares of Kraft Heinz by 30.0% during the 2nd quarter. FMR LLC now owns 11,516,822 shares of the company’s stock valued at $986,301,000 after acquiring an additional 2,659,846 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Kraft Heinz by 55.6% during the 1st quarter. Morgan Stanley now owns 8,364,778 shares of the company’s stock valued at $759,605,000 after acquiring an additional 2,988,664 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Shares of Kraft Heinz Co (NASDAQ:KHC) opened at $80.49 on Thursday. The firm has a market capitalization of $99,816.90, a P/E ratio of 23.01, a P/E/G ratio of 2.27 and a beta of 0.45. Kraft Heinz Co has a 12-month low of $75.21 and a 12-month high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.

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

The business also recently declared 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 3.11%. Kraft Heinz’s dividend payout ratio (DPR) is currently 77.88%.

A number of analysts have recently issued reports on KHC shares. Credit Suisse Group set a $100.00 price target on Kraft Heinz and gave the company a “buy” rating in a research report on Sunday, September 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price target on shares of Kraft Heinz in a research report on Thursday, September 21st. UBS restated a “buy” rating and issued a $89.00 target price (down previously from $97.00) on shares of Kraft Heinz in a research report on Friday, October 13th. Finally, Susquehanna Bancshares restated a “hold” rating and issued a $84.00 target price on shares of Kraft Heinz in a research report on Thursday, September 14th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.49.

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Kraft Heinz 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.

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

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