Johnson Investment Counsel Inc. Sells 395 Shares of Kraft Heinz Company $KHC

Johnson Investment Counsel Inc. cut its stake in Kraft Heinz Company (NASDAQ:KHC) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,201 shares of the company’s stock after selling 395 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Kraft Heinz were worth $651,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KHC. Vanguard Group Inc. lifted its position in Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after buying an additional 11,472,071 shares during the last quarter. Pacer Advisors Inc. lifted its position in Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after buying an additional 7,278,295 shares during the last quarter. Nuveen LLC bought a new stake in Kraft Heinz in the first quarter worth $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kraft Heinz by 22.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock worth $318,933,000 after purchasing an additional 1,895,722 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Kraft Heinz by 24.1% during the first quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after purchasing an additional 1,255,022 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.44 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The company has a market cap of $30.11 billion, a PE ratio of -5.67, a P/E/G ratio of 2.94 and a beta of 0.16. The business has a 50-day simple moving average of $26.67 and a two-hundred day simple moving average of $27.35. Kraft Heinz Company has a fifty-two week low of $24.80 and a fifty-two week high of $36.31.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The business had revenue of $6.39 billion during the quarter. As a group, equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is -35.63%.

Insider Activity at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft decreased their target price on Kraft Heinz from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Monday. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 target price for the company. Barclays decreased their target price on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the stock an “equal weight” rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $29.06.

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.