Trade Report: Today, Carroll Financial Associates Inc. Reached $580,000 position of Kraft Heinz Co. (KHC)

Today, Carroll Financial Associates Inc. Reached $580,000 position  of Kraft Heinz Co. (KHC)

Carroll Financial Associates Inc. reduced its stake in shares of Kraft Heinz Co. (NASDAQ:KHC) by 3.0% during the third quarter, Holdings Channel reports. The firm owned 6,490 shares of the company’s stock after selling 198 shares during the period. Carroll Financial Associates Inc.’s holdings in Kraft Heinz were worth $580,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Evanson Asset Management LLC raised its stake in shares of Kraft Heinz by 0.5% in the second quarter. Evanson Asset Management LLC now owns 3,011 shares of the company’s stock worth $266,000 after buying an additional 16 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its stake in shares of Kraft Heinz by 0.4% in the second quarter. Reynders McVeigh Capital Management LLC now owns 6,238 shares of the company’s stock worth $552,000 after buying an additional 25 shares in the last quarter. Putnam FL Investment Management Co. raised its stake in shares of Kraft Heinz by 0.7% in the second quarter. Putnam FL Investment Management Co. now owns 4,240 shares of the company’s stock worth $375,000 after buying an additional 30 shares in the last quarter. Redmond Asset Management LLC raised its stake in shares of Kraft Heinz by 0.8% in the second quarter. Redmond Asset Management LLC now owns 4,192 shares of the company’s stock worth $371,000 after buying an additional 33 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Kraft Heinz by 0.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,112 shares of the company’s stock worth $364,000 after buying an additional 38 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kraft Heinz Co. (NASDAQ:KHC) traded up 0.62% on Friday, hitting $82.95. 1,230,342 shares of the company were exchanged. The firm’s 50-day moving average is $85.96 and its 200-day moving average is $86.84. Kraft Heinz Co. has a 52-week low of $68.18 and a 52-week high of $90.54. The stock has a market capitalization of $100.97 billion, a PE ratio of 36.51 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Kraft Heinz had a net margin of 10.44% and a return on equity of 6.40%. The company earned $6.27 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that Kraft Heinz Co. will post $3.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.60 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. Kraft Heinz’s payout ratio is 105.26%.

KHC has been the subject of several analyst reports. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Monday, August 8th. Royal Bank Of Canada increased their price target on Kraft Heinz from $92.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Kraft Heinz in a research note on Tuesday, August 16th. Argus increased their price target on Kraft Heinz from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $99.00 price target (up previously from $96.00) on shares of Kraft Heinz in a research note on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.96.

In other Kraft Heinz news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of Kraft Heinz stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $87.05, for a total value of $244,468,695.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.92% of the stock is currently owned by company insiders.

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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