Louisiana State Employees Retirement System Sells 2,000 Shares of Kraft Heinz Company $KHC

Louisiana State Employees Retirement System decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,200 shares of the company’s stock after selling 2,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Kraft Heinz were worth $3,413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LP grew its stake in Kraft Heinz by 4.6% in the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock valued at $239,000 after purchasing an additional 344 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in 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 purchasing an additional 393 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in Kraft Heinz by 1.6% in the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock valued at $779,000 after purchasing an additional 397 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock valued at $2,101,000 after purchasing an additional 397 shares during the last quarter. Finally, one8zero8 LLC grew its stake in Kraft Heinz by 5.5% in the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock valued at $242,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KHC. UBS Group cut their target price on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the company an “equal weight” rating in a research note on Wednesday, September 3rd. Stifel Nicolaus cut their target price on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $29.71.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.04 on Friday. The business’s 50 day moving average price is $26.78 and its 200 day moving average price is $27.46. The firm has a market cap of $29.64 billion, a P/E ratio of -5.58, a P/E/G ratio of 2.93 and a beta of 0.16. Kraft Heinz Company has a 52 week low of $24.85 and a 52 week high of $36.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

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

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. Kraft Heinz’s payout ratio is presently -35.63%.

Kraft Heinz 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.