Kraft Heinz Company $KHC Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 74.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,053 shares of the company’s stock after purchasing an additional 38,390 shares during the quarter. RWA Wealth Partners LLC’s holdings in Kraft Heinz were worth $2,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after buying an additional 11,472,071 shares during the period. Pacer Advisors Inc. lifted its holdings in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after acquiring an additional 7,278,295 shares during the last quarter. Nuveen LLC acquired a new position in shares of Kraft Heinz in the 1st quarter worth approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kraft Heinz by 22.1% during the first 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 purchasing an additional 1,895,722 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Kraft Heinz by 24.1% during the first quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after buying an additional 1,255,022 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.1%

Kraft Heinz stock traded up $0.02 during midday trading on Monday, reaching $24.30. The stock had a trading volume of 16,356,083 shares, compared to its average volume of 13,470,133. The stock has a market capitalization of $28.76 billion, a P/E ratio of -6.51, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $23.70 and a 1-year high of $33.35. The firm’s fifty day simple moving average is $25.70 and its 200-day simple moving average is $26.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The business had revenue of $6.39 billion during the quarter. As a group, analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, November 28th. Kraft Heinz’s payout ratio is currently -42.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. Wells Fargo & Company reduced their price target on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Finally, Mizuho lowered their price target on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $26.58.

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.