Corient Private Wealth LP purchased a new stake in Kraft Heinz Company (NASDAQ:KHC – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 732,493 shares of the company’s stock, valued at approximately $17,302,000. Corient Private Wealth LP owned 0.06% of Kraft Heinz as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Swiss Life Asset Management Ltd boosted its stake in shares of Kraft Heinz by 148.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after acquiring an additional 1,295,688 shares during the last quarter. Swedbank AB lifted its position in Kraft Heinz by 10.2% during the fourth quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock valued at $32,960,000 after purchasing an additional 125,307 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in Kraft Heinz by 68.7% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company’s stock valued at $49,776,000 after purchasing an additional 835,554 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Kraft Heinz by 2.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,200,583 shares of the company’s stock valued at $53,672,000 after purchasing an additional 56,695 shares during the period. Finally, Franklin Street Advisors Inc. NC increased its position in Kraft Heinz by 70.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock worth $23,487,000 after buying an additional 410,029 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.
Kraft Heinz Trading Up 2.3%
Shares of KHC opened at $25.70 on Friday. The stock has a market capitalization of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08. The company’s fifty day moving average is $25.19 and its 200 day moving average is $23.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. Kraft Heinz Company has a fifty-two week low of $21.03 and a fifty-two week high of $28.09.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio is presently -55.94%.
Insider Transactions at Kraft Heinz
In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of Kraft Heinz stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the transaction, the insider directly owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. TD Cowen lifted their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, August 6th. Evercore set a $24.00 price target on shares of Kraft Heinz in a report on Thursday, August 6th. Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their price objective on shares of Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $23.62.
View Our Latest Analysis on Kraft Heinz
Kraft Heinz Company Profile
The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.
Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.
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