Pennsylvania Trust Co decreased its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 65.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,915 shares of the company’s stock after selling 25,971 shares during the quarter. Pennsylvania Trust Co’s holdings in Kraft Heinz were worth $454,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Highwater Wealth Management LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $28,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Kraft Heinz by 114.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 634 shares of the company’s stock valued at $27,000 after acquiring an additional 339 shares in the last quarter. Veritas Investment Management LLP bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $28,000. Gradient Investments LLC boosted its holdings in shares of Kraft Heinz by 54.2% in the fourth quarter. Gradient Investments LLC now owns 717 shares of the company’s stock valued at $31,000 after acquiring an additional 252 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 62.00% of the company’s stock.
Several research analysts have recently issued reports on KHC shares. Guggenheim started coverage on shares of Kraft Heinz in a report on Tuesday, January 22nd. They issued a “neutral” rating for the company. Berenberg Bank set a $60.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Deutsche Bank cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the stock from $58.00 to $52.00 in a report on Tuesday, February 5th. Finally, BidaskClub cut shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. Kraft Heinz has an average rating of “Hold” and an average price target of $42.17.
KHC stock traded down $0.10 during midday trading on Wednesday, reaching $31.88. The company had a trading volume of 5,085,137 shares, compared to its average volume of 10,502,464. Kraft Heinz Co has a 1 year low of $31.53 and a 1 year high of $64.99. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The company has a market cap of $38.94 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 3.14 and a beta of 0.58.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts anticipate that Kraft Heinz Co will post 2.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.40 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.02%. Kraft Heinz’s payout ratio is 45.33%.
WARNING: This piece was originally reported by Sundance Herald and is owned by of Sundance Herald. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://sundanceherald.com/2019/05/22/kraft-heinz-co-khc-shares-sold-by-pennsylvania-trust-co.html.
About Kraft Heinz
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
Featured Story: The components of the Stochastic Momentum Index
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.