Kraft Heinz Company $KHC Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC increased its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 57.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,627 shares of the company’s stock after acquiring an additional 6,081 shares during the quarter. KPP Advisory Services LLC’s holdings in Kraft Heinz were worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Vanguard Group Inc. raised its stake in 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. grew its position in 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 purchasing an additional 7,278,295 shares during the last quarter. Nuveen LLC purchased a new position in Kraft Heinz during the 1st quarter worth $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 purchasing an additional 1,895,722 shares during the last quarter. Finally, Deutsche Bank AG grew its position in 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 purchasing an additional 1,255,022 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.9%

KHC stock opened at $25.41 on Friday. The company has a market cap of $30.08 billion, a P/E ratio of -5.66, a P/E/G ratio of 3.00 and a beta of 0.16. Kraft Heinz Company has a 52 week low of $24.80 and a 52 week high of $35.72. The company’s 50-day moving average price is $26.37 and its 200 day moving average price is $27.15. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is -35.63%.

Analyst Ratings Changes

Several research analysts have issued reports on KHC shares. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective on the stock. Barclays lowered their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, October 10th. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Finally, Morgan Stanley lowered their price objective on shares of Kraft Heinz from $29.00 to $28.00 in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $28.65.

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.