Salomon & Ludwin LLC Has $62,000 Stake in Kraft Heinz Company $KHC

Salomon & Ludwin LLC decreased its position in Kraft Heinz Company (NASDAQ:KHC) by 16.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,275 shares of the company’s stock after selling 443 shares during the period. Salomon & Ludwin LLC’s holdings in Kraft Heinz were worth $62,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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 valued at $3,103,277,000 after buying an additional 11,472,071 shares during the period. 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 valued at $226,523,000 after buying an additional 7,278,295 shares during the period. Nuveen LLC acquired a new stake in shares of Kraft Heinz during the 1st quarter valued at $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $318,933,000 after purchasing an additional 1,895,722 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings 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 valued at $196,588,000 after purchasing an additional 1,255,022 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.52 on Monday. The company has a market capitalization of $30.21 billion, a PE ratio of -5.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.16. Kraft Heinz Company has a one year low of $24.80 and a one year high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The company’s fifty day moving average price is $26.54 and its 200 day moving average price is $27.22.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is presently -35.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and raised their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Wells Fargo & Company cut their price target 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. Morgan Stanley cut their price target on shares of Kraft Heinz from $29.00 to $28.00 in a report on Thursday. UBS Group cut their price target 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. Finally, Jefferies Financial Group cut their price target on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $28.65.

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.