Sun Life Financial INC increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 14,920.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,356 shares of the company’s stock after buying an additional 4,327 shares during the quarter. Sun Life Financial INC’s holdings in The Kraft Heinz were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KHC. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in 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 acquiring an additional 950 shares during the last quarter. V Wealth Management LLC acquired a new stake in The Kraft Heinz during the second quarter worth about $125,000. Blue Chip Partners Inc. increased its stake in 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 acquiring an additional 8 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in 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 acquiring an additional 100 shares during the last quarter. Finally, Reilly Financial Advisors LLC increased its stake in The Kraft Heinz by 9.0% during the second quarter. Reilly Financial Advisors LLC now owns 1,631 shares of the company’s stock worth $140,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.
The Kraft Heinz Company (NASDAQ:KHC) opened at $79.85 on Tuesday. The company has a market capitalization of $97,136.27, a PE ratio of 22.39, a P/E/G ratio of 2.21 and a beta of 0.43. The Kraft Heinz Company has a 1-year low of $75.21 and a 1-year high of $97.77. 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 (NASDAQ:KHC) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The Kraft Heinz’s revenue for the quarter was up .7% on a year-over-year basis. equities analysts forecast 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 issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, November 16th. The Kraft Heinz’s dividend payout ratio is presently 77.88%.
KHC has been the subject of several research analyst reports. TheStreet upgraded The Kraft Heinz from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Berenberg Bank set a $102.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 7th. Credit Suisse Group set a $100.00 price target on The Kraft Heinz and gave the stock a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price target on shares of The Kraft Heinz in a research note on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price target on shares of The Kraft Heinz in a research note on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The Kraft Heinz has an average rating of “Buy” and a consensus price target of $92.49.
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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.
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