Kraft Foods (KHC) Position Increased by Azimuth Capital Management LLC

Azimuth Capital Management LLC increased its holdings in shares of Kraft Foods (NASDAQ:KHC) by 36.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,211 shares of the company’s stock after purchasing an additional 31,079 shares during the quarter. Azimuth Capital Management LLC’s holdings in Kraft Foods were worth $7,176,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KHC. American International Group Inc. boosted its holdings in Kraft Foods by 1,928.1% during the 4th quarter. American International Group Inc. now owns 6,110,926 shares of the company’s stock valued at $475,186,000 after acquiring an additional 5,809,615 shares during the period. Magellan Asset Management Ltd boosted its holdings in Kraft Foods by 30.4% during the 4th quarter. Magellan Asset Management Ltd now owns 21,429,032 shares of the company’s stock valued at $1,666,322,000 after acquiring an additional 4,998,778 shares during the period. BlackRock Inc. boosted its holdings in Kraft Foods by 4.6% during the 4th quarter. BlackRock Inc. now owns 35,073,958 shares of the company’s stock valued at $2,727,351,000 after acquiring an additional 1,551,823 shares during the period. River Road Asset Management LLC purchased a new position in Kraft Foods during the 1st quarter valued at about $52,298,000. Finally, Virtus Fund Advisers LLC boosted its holdings in Kraft Foods by 1,123.1% during the 4th quarter. Virtus Fund Advisers LLC now owns 865,149 shares of the company’s stock valued at $67,274,000 after acquiring an additional 794,415 shares during the period. 62.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Kraft Foods opened at $57.48 on Friday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.72 and a quick ratio of 0.42. The stock has a market capitalization of $69.98 billion, a PE ratio of 16.19, a P/E/G ratio of 1.81 and a beta of 0.61. Kraft Foods has a 1 year low of $54.11 and a 1 year high of $93.88.

Kraft Foods (NASDAQ:KHC) last issued its earnings results on Wednesday, May 2nd. The company reported $0.89 earnings per share for the quarter, topping the 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 business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter last year, the company earned $0.84 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. sell-side analysts expect that Kraft Foods will post 3.8 EPS for the current year.

The firm 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. This represents a $2.50 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, May 17th. Kraft Foods’s dividend payout ratio (DPR) is presently 70.42%.

In other Kraft Foods news, Director Mackey J. Mcdonald bought 669 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were acquired at an average price of $60.27 per share, with a total value of $40,320.63. Following the transaction, the director now owns 17,486 shares of the company’s stock, valued at $1,053,881.22. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 26.81% of the stock is currently owned by company insiders.

KHC has been the subject of a number of research analyst reports. UBS Group set a $80.00 target price on Kraft Foods and gave the company a “buy” rating in a report on Tuesday, February 20th. DZ Bank upgraded Kraft Foods from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Barclays restated a “buy” rating and set a $80.00 target price (down from $94.00) on shares of Kraft Foods in a report on Sunday, February 18th. Jefferies Group restated a “buy” rating and set a $95.00 target price on shares of Kraft Foods in a report on Friday, February 16th. Finally, Bank of America set a $100.00 target price on Kraft Foods and gave the company a “buy” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $77.85.

Kraft Foods Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company 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.

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Foods (NASDAQ:KHC).

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

Receive News & Ratings for Kraft Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply