Among active positions in the latest quarter, 546 holders increased their positions by a total of 34.58 million shares, 570 holders decreased the positions by a total of 35.69 million shares, and 174 holders held their positions. Salem Investment Counselors Inc. now owns 6,295 shares of the company's stock valued at $539,000 after acquiring an additional 27 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company's stock worth $139,000 after purchasing an additional 100 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kraft Heinz by 3.8% during the 4th quarter. Zacks Investment Research raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Friday, December 29th. BidaskClub downgraded shares of The Kraft Heinz from a "sell" rating to a "strong sell" rating in a research note on Thursday, August 24th.
Price-earnings ratio, also known as P/E ratio, is a tool that is used by shareholders to help decide whether they should buy a stock. On Friday, Kraft Heinz reported yet another period of weak sales, particularly in the US, its main market, which will hurt managers' efforts to shed an image of a cutthroat place focused mainly on cost reductions that boost the bottom line rather than growing the business more organically. The stock of The Kraft Heinz Company (NASDAQ:KHC) has "Hold" rating given on Wednesday, June 14 by BMO Capital Markets. The stock now has an average rating of Buy and an average price target of $91.89.
The Kraft Heinz Company (KHC) finalized the Thursday at price of $72.71 after traded 7410879 shares. Looking at the stock's movement on the chart, The Kraft Heinz Company recorded a 52-week high of $97.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.77 and a quick ratio of 0.43.
Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, February 16th.
The early decline by Kraft Heinz came after the food giant reported fourth quarter results that came in below expectations.
KHC has been the subject of a number of research analyst reports. During the same quarter in the previous year, the company posted $0.08 EPS. Kraft Heinz is now down by 3.6 percent after hitting its lowest intraday level in over two years.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Perhaps, that suggests something about why 0.16% of the outstanding share supply is held by institutional investors. This represents a $2.50 dividend on an annualized basis and a yield of 3.44%.
Kraft Heinz, owner of brands such as Velveeta cheese and Heinz ketchup, said on Friday that retailers in Canada were stocking fewer of their products - a factor that is likely to be permanent.
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The Kraft Heinz Company (KHC) is an interesting player in the Consumer Goods space, with a focus on Food - Major Diversified. The Company's products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The Kraft Heinz Company formerly known as Kraft Foods Group, Inc., is based in PITTSBURGH, United States.