1 week Ago By ABMN Staff
SVB Wealth LLC lowered its stake in shares of The Kraft Heinz Company ( NASDAQ:KHC – Free Report ) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,933 shares of the company’s stock after selling 1,445 shares during the quarter.
SVB Wealth LLC’s holdings in Kraft Heinz were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors also recently modified their holdings of KHC. Capital World Investors grew its holdings in Kraft Heinz by 83.
4% in the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock worth $321,388,000 after purchasing an additional 3,961,872 shares during the period. Mirae Asset Global Investments Co.
Ltd. grew its holdings in Kraft Heinz by 346.9% in the first quarter.
Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock worth $57,799,000 after purchasing an additional 1,179,863 shares during the period.
Nordea Investment Management AB grew its holdings in Kraft Heinz by 56.7% in the first quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock worth $104,929,000 after purchasing an additional 1,027,636 shares during the period.
Swedbank AB purchased a new stake in Kraft Heinz in the first quarter worth about $25,298,000. Finally, Ilex Capital Partners UK LLP grew its holdings in Kraft Heinz by 34.7% in the first quarter.
Ilex Capital Partners UK LLP now owns 2,616,278 shares of the company’s stock worth $96,541,000 after purchasing an additional 674,436 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.
Kraft Heinz Stock Down 0.8 % Shares of Kraft Heinz stock opened at $35.84 on Monday.
The company has a market cap of $43.33 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.
49 and a beta of 0.49. The company’s 50 day moving average is $34.
14 and its 200 day moving average is $35.06. The Kraft Heinz Company has a twelve month low of $30.
68 and a twelve month high of $38.96. The company has a quick ratio of 0.
53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.
Kraft Heinz Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.40 dividend.
The ex-dividend date is Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.
46%. Kraft Heinz’s payout ratio is presently 69.87%.
Insiders Place Their Bets In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.
00. Following the transaction, the insider now directly owns 143,970 shares in the company, valued at $5,182,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
Insiders own 0.32% of the company’s stock. Wall Street Analyst Weigh In A number of brokerages have weighed in on KHC.
Bank of America cut their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th.
Evercore ISI cut their price target on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st.
JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $38.00 to $37.
00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Barclays increased their price target on shares of Kraft Heinz from $34.00 to $36.
00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company increased their price target on shares of Kraft Heinz from $34.00 to $35.
00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average target price of $37.
31. Get Our Latest Research Report on Kraft Heinz Kraft Heinz Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company ( NASDAQ:KHC – Free Report ). Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.
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