Trust Co. of Vermont reduced its stake in shares of Kraft Heinz Co. Mr. Francisco Sa Neto is one of the biggest insider owners in The Kraft Heinz Company (NASDAQ:KHC), according to U.S. Securities and Exchange Commission (SEC) filings. The firm owned 162,450 shares of the company's stock after selling 20,938 shares during the period.
Executives hold 0.13 percent of the stock. Envestnet Asset Management Inc. raised its stake in shares of Kraft Heinz by 22.6% in the first quarter. Inc. now owns 2,629 shares of the company's stock worth $235,000 after buying an additional 318 shares during the last quarter. Natixis now owns 352,559 shares of the company's stock worth $27,696,000 after buying an additional 240,411 shares during the last quarter. Nationwide Fund Advisors boosted its position in Kraft Heinz by 0.9% in the third quarter. KHC 10% Owner BERKSHIRE HATHAWAY INC also purchased 325,442,152 shares, at a stock price of $72.96. Finally, Redwood Investments LLC acquired a new stake in Kraft Heinz during the second quarter worth about $14,719,000.
09/26/2016 - Kraft Heinz had its "buy" rating reiterated by analysts at Stifel Nicolaus. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower. Higher EPS forecast that can be expected in this Fiscal Year is noted at $1.66 and a lower EPS estimate is calculated at $1.62. The stock has a market cap of $103.92 billion, a PE ratio of 37.57 and a beta of 0.42. The company has a 52-week high of $90.54 and a 52-week low of the share price is $68.18.
The Kraft Heinz Company (NASDAQ:KHC) inclined 1.2% in the last Trading session and closed at $85.37.
Consumer stocks turned mixed this afternoon, with shares of consumer staples companies in the S&P 500 adding about 0.6% in value today while shares of consumer discretionary firms in the S&P 500 declined about 0.2%, giving back their earlier gains. Kraft Heinz had a return on equity of 5.78% and a net margin of 6.87%. The business's quarterly revenue was up 2.4% on a year-over-year basis. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.74 by $0.09.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, December 2nd will be issued a $0.60 dividend.
08/31/2016 - Kraft Heinz had its "overweight" rating reiterated by analysts at Morgan Stanley. The ex-dividend date was Wednesday, August 24th. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. Kraft Heinz's payout ratio is 181.82%. The number of times the company has met analysts' estimates is 0.
Kraft Heinz had its "outperform" rating reiterated by analysts at RBC Capital. With RSI of 49.94, the stock should still continue to rise and get closer to its one year target estimate of $31, making it a hold for now. Wedbush doubles price target to $8 while Telsey Advisory Group bumps price target by $1.50 to $7 a share.
For the next year, sell-side analysts are expecting EPS growth of 19.10% for The Kraft Heinz Company (NASDAQ:KHC). The Median price target for the stock is measured at $95.00. Two analysts have rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.82 to $0.93.
In other Kraft Heinz news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of Kraft Heinz stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $87.05, for a total value of $244,468,695.55.