TD Asset Management Inc Grows Position in Kraft Heinz Company $KHC

TD Asset Management Inc boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 451,495 shares of the company’s stock after buying an additional 21,892 shares during the quarter. TD Asset Management Inc’s holdings in Kraft Heinz were worth $11,658,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rossby Financial LCC purchased a new position in Kraft Heinz during the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new position in shares of Kraft Heinz in the first quarter valued at about $33,000. Investment Management Corp VA ADV lifted its position 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 acquiring an additional 669 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Kraft Heinz in the first quarter valued at about $40,000. Finally, Hilltop National Bank purchased a new position in shares of Kraft Heinz in the second quarter valued at about $41,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $25.52 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $30.21 billion, a P/E ratio of -5.68, a P/E/G ratio of 2.99 and a beta of 0.16. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $36.31. The business’s 50-day moving average is $26.54 and its 200 day moving average is $27.24.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KHC. Wells Fargo & Company lowered their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 3rd. Stifel Nicolaus lowered their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Barclays lowered their price objective on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, October 10th. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. began coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $28.65.

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.