The Kraft Heinz Company (KHC) Shares Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,878 shares of the company’s stock after buying an additional 11,546 shares during the quarter. The Kraft Heinz makes up approximately 1.7% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 29th largest holding. Signature Estate & Investment Advisors LLC’s holdings in The Kraft Heinz were worth $14,034,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% during the 2nd 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 during the last quarter. Martingale Asset Management L P raised its position in shares of The Kraft Heinz by 0.5% during the 2nd quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after acquiring an additional 13 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after acquiring an additional 16 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in shares of The Kraft Heinz by 0.4% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after acquiring an additional 17 shares during the last quarter. Finally, National Asset Management Inc. raised its position in shares of The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after acquiring an additional 21 shares during the last quarter. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. BidaskClub upgraded shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of The Kraft Heinz in a research report on Wednesday, August 9th. Citigroup Inc. lowered their price objective on shares of The Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, Morgan Stanley reduced their target price on shares of The Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $92.49.

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The Kraft Heinz Company (NASDAQ KHC) opened at $79.85 on Tuesday. The Kraft Heinz Company has a fifty-two week low of $75.21 and a fifty-two week high of $97.77. The company has a market cap of $97,136.27, a price-to-earnings ratio of 22.39, a PEG ratio of 2.21 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.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The Kraft Heinz’s quarterly revenue was up .7% on a year-over-year basis. research analysts forecast that The Kraft Heinz Company will post 3.61 EPS for the current 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. This represents a $2.50 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio (DPR) is currently 77.88%.

The 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 The Kraft Heinz (NASDAQ:KHC)

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