Nwam LLC Purchases New Stake in Kraft Heinz Company $KHC

Nwam LLC acquired a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,980 shares of the company’s stock, valued at approximately $341,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its position in Kraft Heinz by 11.7% during the first quarter. Bleakley Financial Group LLC now owns 10,672 shares of the company’s stock valued at $325,000 after purchasing an additional 1,122 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Kraft Heinz by 20.9% during the 1st quarter. Signaturefd LLC now owns 17,647 shares of the company’s stock valued at $537,000 after buying an additional 3,052 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Kraft Heinz by 22.9% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,296 shares of the company’s stock valued at $310,000 after acquiring an additional 1,917 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Kraft Heinz by 52.6% in the first quarter. Larson Financial Group LLC now owns 1,558 shares of the company’s stock worth $47,000 after acquiring an additional 537 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Kraft Heinz by 5.3% in the first quarter. Victory Capital Management Inc. now owns 1,628,990 shares of the company’s stock worth $49,570,000 after acquiring an additional 82,222 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.3%

Kraft Heinz stock opened at $24.75 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Kraft Heinz Company has a fifty-two week low of $23.70 and a fifty-two week high of $33.35. The firm has a fifty day moving average price of $25.56 and a two-hundred day moving average price of $26.66. The firm has a market cap of $29.30 billion, a price-to-earnings ratio of -6.64, a P/E/G ratio of 2.88 and a beta of 0.16.

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

Kraft Heinz Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KHC. Evercore ISI reduced their price objective on Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. BNP Paribas Exane lowered their price target on Kraft Heinz from $29.00 to $26.00 in a research note on Thursday, October 30th. The Goldman Sachs Group dropped their price objective on Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Finally, Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $26.58.

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.