The Kraft Heinz Company (KHC) Sees Large Increase in Short Interest

The Kraft Heinz Company (NASDAQ:KHC) was the target of a large growth in short interest in the month of July. As of July 14th, there was short interest totalling 12,807,513 shares, a growth of 11.2% from the June 30th total of 11,518,939 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average trading volume of 3,541,416 shares, the days-to-cover ratio is presently 3.6 days.

The Kraft Heinz (NASDAQ KHC) opened at 84.49 on Friday. The stock has a 50 day moving average price of $85.82 and a 200 day moving average price of $89.65. The firm has a market cap of $102.93 billion, a PE ratio of 27.08 and a beta of 0.44. The Kraft Heinz has a one year low of $79.69 and a one year high of $97.77.

The Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion during the quarter, compared to the consensus estimate of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts expect that The Kraft Heinz will post $3.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 18th will be given a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.50 dividend on an annualized basis and a yield of 2.96%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio (DPR) is presently 79.87%.

KHC has been the topic of a number of analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of The Kraft Heinz in a report on Sunday, April 23rd. BidaskClub downgraded The Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Consumer Edge upgraded The Kraft Heinz to an “overweight” rating in a research note on Thursday, May 4th. Zacks Investment Research upgraded The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $91.00 target price (down from $99.00) on shares of The Kraft Heinz in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $97.31.

Large investors have recently made changes to their positions in the stock. WFG Advisors LP increased its stake in The Kraft Heinz by 13.4% in the second quarter. WFG Advisors LP now owns 4,385 shares of the company’s stock worth $376,000 after buying an additional 517 shares during the last quarter. Toronto Dominion Bank increased its stake in The Kraft Heinz by 28.3% in the second quarter. Toronto Dominion Bank now owns 213,132 shares of the company’s stock worth $18,250,000 after buying an additional 46,989 shares during the last quarter. Family Management Corp acquired a new position in shares of The Kraft Heinz during the second quarter worth $2,700,000. U S Global Investors Inc. acquired a new position in shares of The Kraft Heinz during the second quarter worth $388,000. Finally, Beaton Management Co. Inc. acquired a new position in shares of The Kraft Heinz during the second quarter worth $480,000. Hedge funds and other institutional investors own 61.88% of the company’s stock.

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About The Kraft Heinz

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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