Traub Capital Management LLC Makes New $601,000 Investment in Kraft Heinz Company $KHC

Traub Capital Management LLC bought a new stake in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,270 shares of the company’s stock, valued at approximately $601,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Vanguard Group Inc. lifted its holdings in shares of Kraft Heinz by 0.4% in the second quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after acquiring an additional 454,868 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Kraft Heinz by 12.9% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 68,030 shares of the company’s stock worth $1,757,000 after buying an additional 7,799 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Kraft Heinz by 0.3% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 353,270 shares of the company’s stock worth $9,121,000 after purchasing an additional 967 shares in the last quarter. Slagle Financial LLC acquired a new position in shares of Kraft Heinz in the second quarter valued at approximately $2,818,000. Finally, Delta Asset Management LLC TN raised its holdings in Kraft Heinz by 8.9% in the 2nd quarter. Delta Asset Management LLC TN now owns 12,694 shares of the company’s stock valued at $328,000 after buying an additional 1,034 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KHC shares. The Goldman Sachs Group decreased their price target on shares of Kraft Heinz from $30.00 to $27.00 in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Morgan Stanley decreased their target price on shares of Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Mizuho reduced their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Finally, DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $26.58.

Kraft Heinz Price Performance

KHC stock opened at $24.97 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The company’s 50-day moving average is $25.38 and its 200-day moving average is $26.53. The stock has a market capitalization of $29.56 billion, a PE ratio of -6.69, 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.

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

Kraft Heinz Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, November 28th. Kraft Heinz’s dividend payout ratio (DPR) is -42.90%.

About Kraft Heinz

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.