Stratos Wealth Partners LTD. Increases Holdings in Kraft Heinz Company $KHC

Stratos Wealth Partners LTD. raised its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 219.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,094 shares of the company’s stock after buying an additional 28,924 shares during the period. Stratos Wealth Partners LTD.’s holdings in Kraft Heinz were worth $1,087,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after buying an additional 11,472,071 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock valued at $318,933,000 after buying an additional 1,895,722 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kraft Heinz by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after purchasing an additional 103,548 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Kraft Heinz by 11.1% in the 2nd quarter. Nordea Investment Management AB now owns 7,820,516 shares of the company’s stock worth $201,300,000 after purchasing an additional 778,744 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after purchasing an additional 7,278,295 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Down 0.5%

KHC opened at $25.58 on Wednesday. The firm has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $27.18. Kraft Heinz Company has a 52 week low of $24.80 and a 52 week high of $36.00. The company has a market capitalization of $30.28 billion, a PE ratio of -5.70, a price-to-earnings-growth ratio of 3.01 and a beta of 0.16. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.39 billion during the quarter. Analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio is -35.63%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. UBS Group reduced their price objective on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Morgan Stanley reduced their price objective on Kraft Heinz from $29.00 to $28.00 in a research note on Thursday, October 16th. Finally, DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $28.65.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.