Kraft Heinz Company $KHC Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,875 shares of the company’s stock after selling 6,708 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Kraft Heinz were worth $2,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Shell Asset Management Co. increased its holdings in Kraft Heinz by 89.7% during the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock worth $2,335,000 after purchasing an additional 42,758 shares during the period. Swedbank AB grew its position in shares of Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after buying an additional 104,872 shares in the last quarter. Lakeshore Capital Group Inc. increased its stake in shares of Kraft Heinz by 39.8% during the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock worth $957,000 after buying an additional 10,551 shares during the period. Bard Financial Services Inc. raised its holdings in Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after acquiring an additional 20,500 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock worth $2,746,000 after acquiring an additional 6,551 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 1.0%

KHC opened at $25.19 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $36.31. The stock has a market capitalization of $29.81 billion, a P/E ratio of -5.61, a P/E/G ratio of 2.98 and a beta of 0.16. The business has a 50 day simple moving average of $26.63 and a 200-day simple moving average of $27.33.

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Analysts Set New Price Targets

A number of equities research analysts have commented on KHC shares. UBS Group dropped their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. Stifel Nicolaus lowered their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the company an “equal weight” rating in a report on Wednesday, September 3rd. Finally, The Goldman Sachs Group raised Kraft Heinz from a “sell” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $29.06.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the sale, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

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.