MASTERINVEST Kapitalanlage GmbH Purchases Shares of 22,921 Kraft Heinz Company $KHC

MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,921 shares of the company’s stock, valued at approximately $592,000.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. boosted its stake in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after acquiring an additional 788 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in shares of Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after purchasing an additional 807 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $39,000. Banque Transatlantique SA bought a new stake in Kraft Heinz in the 1st quarter valued at about $40,000. Finally, Hilltop National Bank bought a new stake in Kraft Heinz in the 2nd quarter valued at about $41,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of a number of research reports. HSBC reduced their price objective on Kraft Heinz from $29.00 to $27.00 in a research note on Thursday, October 30th. 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. Piper Sandler decreased their price target on shares of Kraft Heinz from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. Finally, Zacks Research downgraded shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $26.58.

Kraft Heinz Price Performance

KHC opened at $24.45 on Monday. Kraft Heinz Company has a 1 year low of $23.70 and a 1 year high of $33.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The company has a market capitalization of $28.94 billion, a price-to-earnings ratio of -6.55 and a beta of 0.09. The firm’s fifty day moving average price is $24.94 and its two-hundred day moving average price is $26.21.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The company had revenue of $6.39 billion during the quarter. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio (DPR) is currently -42.90%.

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.