Bank of Montreal Can lowered its holdings in Kraft Heinz Co (NASDAQ:KHC) by 25.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 540,055 shares of the company’s stock after selling 188,136 shares during the quarter. Bank of Montreal Can’s holdings in Kraft Heinz were worth $41,995,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings 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 worth $100,000 after purchasing an additional 172 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Kraft Heinz by 287.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock worth $110,000 after purchasing an additional 950 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $121,000. Blue Chip Partners Inc. grew its holdings in shares of Kraft Heinz by 0.5% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock worth $127,000 after purchasing an additional 8 shares in the last quarter. Finally, GWM Advisors LLC acquired a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $137,000. 62.01% of the stock is currently owned by hedge funds and other institutional investors.
Kraft Heinz Co (NASDAQ KHC) opened at $79.66 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.43 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $97,520.00 and a P/E ratio of 24.82. Kraft Heinz Co has a 52-week low of $75.21 and a 52-week high of $97.77.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The business 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 revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. analysts forecast that Kraft Heinz Co will post 3.61 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the company. Morgan Stanley decreased their price objective on Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. BidaskClub raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Citigroup decreased their price objective on Kraft Heinz from $90.00 to $82.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their price objective on Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Kraft Heinz has an average rating of “Buy” and an average price target of $92.65.
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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