MetLife Investment Advisors LLC Takes Position in Kraft Heinz Co (KHC)

MetLife Investment Advisors LLC purchased a new stake in shares of Kraft Heinz Co (NASDAQ:KHC) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 184,732 shares of the company’s stock, valued at approximately $14,365,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Farmers & Merchants Investments Inc. grew its holdings in Kraft Heinz by 1.6% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 105,999 shares of the company’s stock valued at $8,220,000 after purchasing an additional 1,679 shares in the last quarter. APG Asset Management N.V. grew its holdings in Kraft Heinz by 2.2% during the 3rd quarter. APG Asset Management N.V. now owns 1,680,187 shares of the company’s stock valued at $130,299,000 after purchasing an additional 36,600 shares in the last quarter. Personal Capital Advisors Corp grew its holdings in Kraft Heinz by 74.5% during the 3rd quarter. Personal Capital Advisors Corp now owns 84,987 shares of the company’s stock valued at $6,591,000 after purchasing an additional 36,277 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Kraft Heinz by 19.4% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 7,419 shares of the company’s stock valued at $574,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Nationwide Fund Advisors grew its holdings in Kraft Heinz by 1.4% during the 3rd quarter. Nationwide Fund Advisors now owns 233,858 shares of the company’s stock valued at $18,136,000 after purchasing an additional 3,313 shares in the last quarter. 63.22% of the stock is owned by institutional investors and hedge funds.

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Kraft Heinz Co (NASDAQ KHC) opened at $64.33 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.44. Kraft Heinz Co has a 52-week low of $63.58 and a 52-week high of $93.88. The stock has a market cap of $79,665.73, a PE ratio of 7.14, a PEG ratio of 1.77 and a beta of 0.58.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a return on equity of 7.20% and a net margin of 41.93%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the previous year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. research analysts anticipate that Kraft Heinz Co will post 3.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.625 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.89%. Kraft Heinz’s payout ratio is currently 27.90%.

Several research analysts have weighed in on KHC shares. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Jefferies Group started coverage on shares of Kraft Heinz in a report on Friday, January 19th. They set a “buy” rating and a $95.00 price objective for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $94.00 price objective (up from $90.00) on shares of Kraft Heinz in a report on Tuesday, January 30th. BidaskClub lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Vetr raised shares of Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price objective for the company in a report on Monday, February 5th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Kraft Heinz has a consensus rating of “Buy” and an average price target of $85.78.

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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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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