Bleakley Financial Group LLC Acquires 6,931 Shares of Kraft Heinz Company $KHC

Bleakley Financial Group LLC raised its holdings in Kraft Heinz Company (NASDAQ:KHC) by 64.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 17,603 shares of the company’s stock after buying an additional 6,931 shares during the quarter. Bleakley Financial Group LLC’s holdings in Kraft Heinz were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in KHC. GAMMA Investing LLC boosted its position in shares of Kraft Heinz by 28.1% during the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock valued at $481,000 after purchasing an additional 3,468 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of Kraft Heinz by 115.5% during the first quarter. Golden State Wealth Management LLC now owns 1,554 shares of the company’s stock valued at $47,000 after purchasing an additional 833 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $260,000. Transcend Capital Advisors LLC boosted its position in shares of Kraft Heinz by 5.9% during the first quarter. Transcend Capital Advisors LLC now owns 10,856 shares of the company’s stock valued at $330,000 after purchasing an additional 607 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $231,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays dropped their price target on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, October 10th. Jefferies Financial Group lowered their price objective on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. Morgan Stanley lowered their price objective on Kraft Heinz from $29.00 to $28.00 in a research note on Thursday, October 16th. Stifel Nicolaus lowered their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company lowered their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $28.65.

Kraft Heinz Stock Down 0.6%

KHC stock opened at $25.25 on Monday. Kraft Heinz Company has a 1-year low of $24.80 and a 1-year high of $35.17. The business has a fifty day moving average price of $26.33 and a 200-day moving average price of $27.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $29.89 billion, a P/E ratio of -5.62, a P/E/G ratio of 2.96 and a beta of 0.16.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is currently -35.63%.

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.