Stephens Inc. AR Grows Stake in Kraft Heinz Company $KHC

Stephens Inc. AR increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,872 shares of the company’s stock after buying an additional 2,733 shares during the quarter. Stephens Inc. AR’s holdings in Kraft Heinz were worth $1,391,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KHC. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 12.7% during the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after buying an additional 11,472,071 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Kraft Heinz by 4,390.7% during the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after buying an additional 7,278,295 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Kraft Heinz during the first quarter valued at $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 buying an additional 1,895,722 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Kraft Heinz by 24.1% during the first quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock valued at $196,588,000 after buying an additional 1,255,022 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the topic of a number of research analyst reports. 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 report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group decreased 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 report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Finally, DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. One research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $28.65.

Kraft Heinz Trading Down 0.9%

Shares of Kraft Heinz stock opened at $25.41 on Friday. The firm has a 50-day simple moving average of $26.37 and a two-hundred day simple moving average of $27.15. The company has a market cap of $30.08 billion, a P/E ratio of -5.66, a price-to-earnings-growth ratio of 3.00 and a beta of 0.16. Kraft Heinz Company has a fifty-two week low of $24.80 and a fifty-two week high of $35.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz’s dividend payout ratio is -35.63%.

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.