The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,079 shares of the company’s stock after purchasing an additional 697 shares during the quarter. Amalgamated Bank’s holdings in Kraft Heinz were worth $5,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 70,398,831 shares of the company’s stock worth $2,603,349,000 after acquiring an additional 183,234 shares during the last quarter. LSV Asset Management raised its position in Kraft Heinz by 2.1% in the second quarter. LSV Asset Management now owns 9,107,688 shares of the company’s stock valued at $293,450,000 after purchasing an additional 189,000 shares during the period. Capital World Investors lifted its stake in Kraft Heinz by 83.4% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock worth $178,379,000 after buying an additional 1,778,263 shares during the period. Finally, Cooke & Bieler LP grew its stake in shares of Kraft Heinz by 4.7% in the second quarter. Cooke & Bieler LP now owns 3,402,510 shares of the company’s stock valued at $109,629,000 after buying an additional 153,490 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KHC shares. Wells Fargo & Company lifted their target price on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Citigroup cut their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Barclays upped their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.50.

Insiders Place Their Bets

In related news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated 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 $5,182,920. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.

Kraft Heinz Trading Down 0.1 %

KHC opened at $34.96 on Friday. The firm has a market cap of $42.45 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $38.96. The business’s 50 day moving average is $34.80 and its two-hundred day moving average is $35.05. 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 announced its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. On average, research analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders 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 yield of 4.58%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

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.