Sei Investments Co. Has $24.50 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Sei Investments Co. lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 12.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 760,222 shares of the company’s stock after buying an additional 86,311 shares during the period. Sei Investments Co.’s holdings in Kraft Heinz were worth $24,495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Welch Group LLC boosted its stake in shares of Kraft Heinz by 1.9% in the 1st quarter. Welch Group LLC now owns 14,868 shares of the company’s stock valued at $549,000 after purchasing an additional 272 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Kraft Heinz by 13.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock valued at $89,000 after buying an additional 282 shares in the last quarter. Integrated Advisors Network LLC grew its stake in shares of Kraft Heinz by 2.4% during the fourth quarter. Integrated Advisors Network LLC now owns 12,881 shares of the company’s stock worth $476,000 after buying an additional 301 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Kraft Heinz by 2.5% during the second quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock worth $419,000 after buying an additional 314 shares in the last quarter. Finally, Lorne Steinberg Wealth Management Inc. lifted its stake in shares of Kraft Heinz by 0.3% in the 1st quarter. Lorne Steinberg Wealth Management Inc. now owns 109,600 shares of the company’s stock valued at $4,044,000 after acquiring an additional 335 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $34.70 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $42.14 billion, a PE ratio of 15.15, a P/E/G ratio of 3.43 and a beta of 0.49. The firm has a fifty day simple moving average of $34.88 and a 200 day simple moving average of $35.04. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.61%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction 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 sale, the insider now directly owns 143,970 shares of the company’s stock, valued at $5,182,920. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KHC has been the topic of a number of research reports. Evercore ISI reduced their price objective 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. Piper Sandler reduced their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Citigroup dropped their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average price target of $37.45.

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.