Securian Asset Management Inc. Trims Stake in Kraft Heinz Company $KHC

Securian Asset Management Inc. lowered its holdings in Kraft Heinz Company (NASDAQ:KHC) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,171 shares of the company’s stock after selling 1,038 shares during the quarter. Securian Asset Management Inc.’s holdings in Kraft Heinz were worth $1,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in Kraft Heinz in the first quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at $33,000. Investment Management Corp VA ADV grew its stake in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after buying an additional 669 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Kraft Heinz in the first quarter valued at $40,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Kraft Heinz by 115.5% in the first quarter. Golden State Wealth Management LLC now owns 1,554 shares of the company’s stock valued at $47,000 after buying an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Barclays dropped their price objective on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, October 10th. UBS Group dropped their price objective on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus target price of $28.65.

Kraft Heinz Trading Down 0.9%

KHC opened at $25.41 on Friday. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $35.72. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of -5.66, a PEG ratio of 3.00 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The business has a fifty day moving average price of $26.37 and a 200 day moving average price of $27.15.

Kraft Heinz (NASDAQ:KHC) last released 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 during the quarter. Sell-side analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors 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 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.