Kraft Heinz Company $KHC is Criteria Caixa S.A.U.’s 9th Largest Position

Criteria Caixa S.A.U. trimmed its holdings in Kraft Heinz Company (NASDAQ:KHC) by 22.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,858,659 shares of the company’s stock after selling 528,716 shares during the quarter. Kraft Heinz accounts for approximately 5.2% of Criteria Caixa S.A.U.’s investment portfolio, making the stock its 9th biggest holding. Criteria Caixa S.A.U.’s holdings in Kraft Heinz were worth $47,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Klingenstein Fields & Co. LP grew its stake in Kraft Heinz by 4.6% in the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock valued at $239,000 after buying an additional 344 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in Kraft Heinz by 2.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock valued at $459,000 after buying an additional 393 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock valued at $779,000 after buying an additional 397 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Kraft Heinz by 0.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock valued at $2,101,000 after buying an additional 397 shares in the last quarter. Finally, one8zero8 LLC grew its stake in Kraft Heinz by 5.5% in the 1st quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock valued at $242,000 after buying an additional 414 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction of $697,750.00. Following the completion of the sale, the director directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.15 on Friday. Kraft Heinz Company has a 52-week low of $24.85 and a 52-week high of $36.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The company has a market capitalization of $29.77 billion, a P/E ratio of -5.60, a P/E/G ratio of 2.94 and a beta of 0.16. The company has a fifty day moving average of $26.74 and a 200-day moving average of $27.41.

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

Kraft Heinz Dividend Announcement

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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s payout ratio is currently -35.63%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price target for the company. Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the company an “equal weight” rating in a research report on Wednesday, September 3rd. Finally, The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and boosted their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. 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. According to data from MarketBeat, the company has a consensus 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.