National Pension Service lifted its holdings in Kraft Heinz Company (NASDAQ:KHC – Free Report) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 488,460 shares of the company’s stock after acquiring an additional 28,369 shares during the quarter. National Pension Service’s holdings in Kraft Heinz were worth $11,537,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Waverly Advisors LLC increased its holdings in Kraft Heinz by 3.9% during the second quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock valued at $270,000 after buying an additional 433 shares during the period. Graney & King LLC lifted its holdings in Kraft Heinz by 20.5% during the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock worth $62,000 after buying an additional 435 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Kraft Heinz by 19.6% during the second quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock worth $73,000 after buying an additional 508 shares during the period. Triumph Capital Management boosted its position in Kraft Heinz by 14.4% during the 2nd quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock valued at $95,000 after acquiring an additional 509 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in Kraft Heinz by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock valued at $201,000 after acquiring an additional 515 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.
Kraft Heinz Stock Performance
Shares of KHC opened at $24.60 on Friday. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The stock has a fifty day moving average price of $25.46 and a 200-day moving average price of $23.97. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. The firm has a market cap of $29.17 billion, a PE ratio of -8.60, a P/E/G ratio of 2.99 and a beta of 0.09.
Kraft Heinz Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s dividend payout ratio (DPR) is currently -55.94%.
Insider Buying and Selling at Kraft Heinz
In other news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the sale, the insider owned 102,667 shares in the company, valued at approximately $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.
Analyst Ratings Changes
KHC has been the subject of several recent research reports. Evercore set a $24.00 price target on Kraft Heinz in a research report on Thursday, August 6th. Barclays raised their price objective on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $23.33.
Read Our Latest Research Report on KHC
About Kraft Heinz
The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers, foodservice operators and other customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, beverages, snacks and other packaged foods.
The company’s well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House and Classico, among others.
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