Kraft Foods (KHC) Stake Trimmed by Pinnacle Financial Partners Inc

Galtero Lara
May 17, 2018

Oakworth Capital Inc. now owns 1,742 shares of the company's stock valued at $141,000 after purchasing an additional 755 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Kraft Foods during the fourth quarter worth about $124,000. Magellan Asset Management Ltd now owns 21,429,032 shares of the company's stock worth $1,666,322,000 after buying an additional 4,998,778 shares during the last quarter. Virtus Fund Advisers LLC now owns 865,149 shares of the company's stock worth $67,274,000 after buying an additional 794,415 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its position in shares of Kraft Foods by 76.5% during the fourth quarter. Ferris Capital LLC now owns 19,120 shares of the company's stock valued at $1,487,000 after acquiring an additional 2,933 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Kraft Foods during the fourth quarter worth about $107,000. Institutional investors own 63.13% of the company's stock.

In related news, Director Mackey J. Mcdonald bought 669 shares of the company's stock in a transaction on Monday, April 2nd. Following the completion of the acquisition, the director now owns 17,486 shares in the company, valued at approximately $1,053,881.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Stocks Market Cap (SMC) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own.

Several research analysts have issued reports on the stock. Kraft Heinz Company (NASDAQ: KHC) is a stock with 1.20B shares outstanding. Societe Generale began coverage on Kraft Foods in a report on Thursday, March 15th. This implies that they believe the stock has what it takes to lift the price another 2.19%. On Friday, May 4 the rating was downgraded by DZ Bank to "Sell". Morgan Stanley dropped their price objective on Kraft Foods from $73.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, May 3rd. Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. With these types of results to display analysts, are more optimistic than before, leading 14 of analysts who cover The Kraft Heinz Company (NASDAQ:KHC) advice their clients to include it in their buy candidate list. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.

Kraft Heinz Co (NASDAQ:KHC) is expected to pay $0.63 on Jun 15, 2018. Kraft Foods has a twelve month low of $58.63 and a twelve month high of $59.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.42 and a current ratio of 0.72. The company has a market cap of $70,724.18, a PE ratio of 16.34, a PEG ratio of 1.83 and a beta of 0.61.

More news: Anunciaron descuentos del 30% en colectivos de larga distancia

Kraft Foods (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.82 by $0.07. Kraft Foods had a return on equity of 7.06% and a net margin of 42.41%. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the business posted $0.84 EPS. Kraft Foods's revenue was down.3% on a year-over-year basis. equities analysts expect that Kraft Foods will post 3.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 18th will be given a dividend of $0.625 per share. The stock declared an annual dividend of $4.23% per share. The ex-dividend date of this dividend is Thursday, May 17th.

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally.The firm is valued at $71.98 billion. The firm 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.

Otros informes por

Discuta este artículo

SIGUE NUESTRO PERIÓDICO