Quintet Private Bank Europe S.A. Has $9.19 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Quintet Private Bank Europe S.A. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 23.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 261,802 shares of the company’s stock after purchasing an additional 50,483 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Kraft Heinz were worth $9,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KHC. Fortitude Family Office LLC boosted its stake in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after buying an additional 529 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Kraft Heinz during the first quarter valued at $27,000. DiNuzzo Private Wealth Inc. grew its stake in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares in the last quarter. Asset Dedication LLC increased its position in Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after purchasing an additional 476 shares during the last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of Kraft Heinz during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC traded down $0.15 on Monday, reaching $33.34. 1,267,677 shares of the stock traded hands, compared to its average volume of 7,745,571. The firm has a market cap of $40.31 billion, a price-to-earnings ratio of 30.17, a P/E/G ratio of 3.49 and a beta of 0.49. The Kraft Heinz Company has a 12 month low of $31.58 and a 12 month high of $38.96. The stock’s 50-day moving average price is $35.15 and its 200-day moving average price is $34.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Equities analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.80%. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KHC. Bank of America dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company lifted their price objective on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Evercore ISI lowered their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Mizuho decreased their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.25.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.