The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 10.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,678 shares of the company’s stock after acquiring an additional 23,810 shares during the period. Blair William & Co. IL’s holdings in Kraft Heinz were worth $8,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $13,417,000. PNC Financial Services Group Inc. raised its holdings in Kraft Heinz by 3.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 210,297 shares of the company’s stock valued at $7,777,000 after acquiring an additional 6,135 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Kraft Heinz by 4.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 13,888 shares of the company’s stock valued at $514,000 after acquiring an additional 586 shares during the last quarter. Hohimer Wealth Management LLC grew its holdings in Kraft Heinz by 7.8% during the 4th quarter. Hohimer Wealth Management LLC now owns 24,844 shares of the company’s stock worth $919,000 after acquiring an additional 1,790 shares in the last quarter. Finally, TCW Group Inc. bought a new stake in shares of Kraft Heinz in the 4th quarter worth about $1,098,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on KHC. Citigroup decreased their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Bank of America decreased their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI dropped their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Barclays lifted their price objective on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $37.50.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $34.96 on Friday. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The company has a market cap of $42.45 billion, a PE ratio of 15.27, a P/E/G ratio of 3.43 and a beta of 0.49. The stock has a 50 day simple moving average of $34.80 and a 200-day simple moving average of $35.05. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.55 billion. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, equities research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 dividend on an annualized basis and a yield of 4.58%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Insider Buying and Selling at Kraft Heinz

In other 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 completion of 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 is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

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.