Linden Thomas Advisory Services LLC Has $1.23 Million Stock Holdings in Kraft Heinz Company $KHC

Linden Thomas Advisory Services LLC lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 4.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 47,778 shares of the company’s stock after acquiring an additional 1,842 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Kraft Heinz were worth $1,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Klingenstein Fields & Co. LP boosted its stake in shares of Kraft Heinz by 4.6% in the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock valued at $239,000 after purchasing an additional 344 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in Kraft Heinz by 2.7% in the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock valued at $459,000 after buying an additional 393 shares in the last quarter. one8zero8 LLC grew its stake in shares of Kraft Heinz by 5.5% during the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock worth $242,000 after buying an additional 414 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Kraft Heinz by 18.3% during the first quarter. Winch Advisory Services LLC now owns 2,691 shares of the company’s stock worth $82,000 after buying an additional 417 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Kraft Heinz by 8.9% in the 1st quarter. IFP Advisors Inc now owns 5,115 shares of the company’s stock valued at $157,000 after acquiring an additional 420 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KHC shares. Morgan Stanley lowered their target price on Kraft Heinz from $29.00 to $28.00 in a report on Thursday, October 16th. JPMorgan Chase & Co. started coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price target on the stock. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. Finally, Barclays decreased their price target on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. One research 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. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $28.65.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $25.25 on Monday. The stock has a market capitalization of $29.89 billion, a PE ratio of -5.62, a PEG ratio of 2.96 and a beta of 0.16. The business’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $27.11. 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 one year low of $24.80 and a one year high of $35.17.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a dividend of $0.40 per share. 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 6.3%. 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.