Kraft Heinz Company $KHC Stock Holdings Cut by SPC Financial Inc.

SPC Financial Inc. reduced its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 22.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,468 shares of the company’s stock after selling 3,550 shares during the quarter. SPC Financial Inc.’s holdings in Kraft Heinz were worth $322,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KHC. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. Nuveen LLC bought a new stake in shares of Kraft Heinz during the 1st quarter worth $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock worth $318,933,000 after acquiring an additional 1,895,722 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Kraft Heinz by 24.1% during the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after acquiring an additional 1,255,022 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Transactions at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company’s stock, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $25.15 on Monday. The stock has a market cap of $29.77 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 2.94 and a beta of 0.16. Kraft Heinz Company has a 1 year low of $24.85 and a 1 year high of $36.31. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $26.74 and a 200 day moving average price of $27.40.

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%. Analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors 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 6.4%. Kraft Heinz’s dividend payout ratio (DPR) is presently -35.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KHC shares. UBS Group reduced their price objective on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price for the company. Barclays lowered their price target on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $29.53.

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.