Kraft Heinz (NASDAQ:KHC) posted its earnings results on Friday. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06), Bloomberg Earnings reports. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.91 billion. Kraft Heinz had a return on equity of 7.49% and a net margin of 15.03%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS.
Kraft Heinz (KHC) opened at $70.80 on Friday. The company has a market capitalization of $86,267.54, a P/E ratio of 7.90, a PEG ratio of 1.90 and a beta of 0.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77. Kraft Heinz has a one year low of $67.65 and a one year high of $97.77.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 3.53%. Kraft Heinz’s dividend payout ratio (DPR) is currently 27.90%.
Institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its stake in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after buying an additional 172 shares during the last quarter. We Are One Seven LLC bought a new position in Kraft Heinz during the fourth quarter worth $107,000. Rational Advisors LLC bought a new position in Kraft Heinz during the fourth quarter worth $117,000. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz during the second quarter worth $121,000. Finally, Cerebellum GP LLC bought a new position in Kraft Heinz during the fourth quarter worth $124,000. Institutional investors own 61.93% of the company’s stock.
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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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