DekaBank Deutsche Girozentrale Lowers Stake in Kraft Heinz Company $KHC

DekaBank Deutsche Girozentrale lowered its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 10.0% during the second quarter, HoldingsChannel.com reports. The firm owned 450,113 shares of the company’s stock after selling 49,975 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Kraft Heinz were worth $11,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. Klingenstein Fields & Co. LP increased its stake in shares of Kraft Heinz by 4.6% during the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock worth $239,000 after purchasing an additional 344 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of 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 acquiring an additional 393 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock worth $2,101,000 after acquiring an additional 397 shares during the last quarter. one8zero8 LLC increased its position 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 purchasing an additional 414 shares in the last quarter. Finally, Winch Advisory Services LLC raised its stake in Kraft Heinz by 18.3% in the 1st quarter. Winch Advisory Services LLC now owns 2,691 shares of the company’s stock valued at $82,000 after purchasing an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $25.41 on Friday. Kraft Heinz Company has a 52-week low of $24.80 and a 52-week high of $35.72. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of -5.66, a price-to-earnings-growth ratio of 3.00 and a beta of 0.16. The business has a fifty day moving average of $26.37 and a two-hundred day moving average of $27.15.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business 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%. As a group, research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KHC. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, October 15th. Barclays decreased their target price on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, October 10th. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research note on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.