Nisa Investment Advisors LLC boosted its stake in shares of Kraft Heinz Co. (NASDAQ:KHC) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,005 shares of the company’s stock after buying an additional 8,625 shares during the period. Nisa Investment Advisors LLC’s holdings in Kraft Heinz were worth $17,992,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Enterprise Financial Services Corp raised its position in Kraft Heinz by 8.5% in the second quarter. Enterprise Financial Services Corp now owns 1,280 shares of the company’s stock valued at $113,000 after buying an additional 100 shares during the last quarter. Blue Chip Partners Inc. acquired a new stake in shares of Kraft Heinz during the second quarter worth $128,000. Iowa State Bank acquired a new stake in shares of Kraft Heinz during the second quarter worth $129,000. Quadrant Capital Group LLC raised its stake in shares of Kraft Heinz by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 1,637 shares of the company’s stock worth $135,000 after buying an additional 94 shares in the last quarter. Finally, West Oak Capital LLC raised its stake in shares of Kraft Heinz by 6.9% in the third quarter. West Oak Capital LLC now owns 1,549 shares of the company’s stock worth $139,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
Shares of Kraft Heinz Co. (NASDAQ:KHC) traded up 0.43% on Monday, reaching $83.31. The company’s stock had a trading volume of 1,109,951 shares. Kraft Heinz Co. has a one year low of $68.18 and a one year high of $90.54. The firm has a 50-day moving average price of $85.96 and a 200 day moving average price of $86.84. The firm has a market capitalization of $101.41 billion, a PE ratio of 36.67 and a beta of 0.48.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, November 3rd. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $4.70 billion. Kraft Heinz had a return on equity of 6.40% and a net margin of 10.44%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, analysts anticipate that Kraft Heinz Co. will post $3.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.89%. Kraft Heinz’s dividend payout ratio (DPR) is currently 105.26%.
A number of brokerages have recently weighed in on KHC. RBC Capital Markets reiterated an “outperform” rating and issued a $96.00 price objective on shares of Kraft Heinz in a research report on Tuesday, November 1st. Credit Suisse Group AG reiterated a “buy” rating on shares of Kraft Heinz in a research report on Friday, November 4th. Deutsche Bank AG reiterated a “buy” rating on shares of Kraft Heinz in a research report on Monday, October 31st. Stifel Nicolaus lifted their price objective on Kraft Heinz from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Susquehanna lifted their price objective on Kraft Heinz from $114.00 to $118.00 and gave the stock a “positive” rating in a research report on Monday, October 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Kraft Heinz currently has an average rating of “Buy” and a consensus target price of $98.96.
In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $87.05, for a total value of $244,468,695.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 26.92% of the stock is owned by corporate 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.