AG2R LA Mondiale Gestion D Actifs Raises Stake in Kraft Heinz Company $KHC

AG2R LA Mondiale Gestion D Actifs grew its position in Kraft Heinz Company (NASDAQ:KHC) by 9.7% during the 2nd quarter, Holdings Channel reports. The fund owned 41,291 shares of the company’s stock after buying an additional 3,656 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Kraft Heinz were worth $1,066,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of Kraft Heinz in the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz in the first quarter valued at about $33,000. Investment Management Corp VA ADV boosted its holdings in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after acquiring an additional 669 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Kraft Heinz in the second quarter valued at about $39,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Kraft Heinz in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.25 on Monday. 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 market cap of $29.89 billion, a P/E ratio of -5.62, a PEG ratio of 2.96 and a beta of 0.16. The company has a 50-day moving average of $26.33 and a two-hundred day moving average of $27.11. Kraft Heinz Company has a 12-month low of $24.80 and a 12-month high of $35.17.

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%. As a group, research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced 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 was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s payout ratio is presently -35.63%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KHC shares. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Jefferies Financial Group reduced their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average price target 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.