IFM Investors Pty Ltd Grows Holdings in The Kraft Heinz Company (NASDAQ:KHC)

IFM Investors Pty Ltd raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,071 shares of the company’s stock after purchasing an additional 3,363 shares during the period. IFM Investors Pty Ltd’s holdings in Kraft Heinz were worth $6,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Kraft Heinz in the 3rd quarter valued at about $209,000. International Assets Investment Management LLC lifted its holdings in shares of Kraft Heinz by 4,806.3% during the 3rd quarter. International Assets Investment Management LLC now owns 616,134 shares of the company’s stock worth $21,632,000 after acquiring an additional 603,576 shares during the period. Hartford Investment Management Co. lifted its holdings in shares of Kraft Heinz by 9.8% during the 3rd quarter. Hartford Investment Management Co. now owns 55,335 shares of the company’s stock worth $1,943,000 after acquiring an additional 4,941 shares during the period. Weaver Capital Management LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter worth about $384,000. Finally, Dupree Financial Group LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter worth about $8,144,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.8 %

KHC opened at $34.74 on Friday. The firm has a market capitalization of $42.00 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.48 and a beta of 0.49. The firm’s 50 day moving average is $35.28 and its 200-day moving average is $34.93. The Kraft Heinz Company has a 52-week low of $31.08 and a 52-week 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 (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 7.30% and a return on equity of 7.38%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.61%. Kraft Heinz’s dividend payout ratio (DPR) is presently 102.56%.

Insider Buying and Selling

In related 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 owns 143,970 shares in the company, valued at approximately $5,182,920. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective 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. 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. The Goldman Sachs Group initiated coverage on shares of Kraft Heinz in a report on Monday, August 12th. They set a “sell” rating and a $34.00 price objective on the stock. Citigroup dropped their target price on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and an average target price of $37.58.

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.