Equitable Trust Co. trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) by 24.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,902 shares of the company’s stock after selling 8,303 shares during the period. Equitable Trust Co.’s holdings in Kraft Heinz were worth $669,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Shell Asset Management Co. lifted its stake in Kraft Heinz by 89.7% in the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after purchasing an additional 42,758 shares during the last quarter. Swedbank AB lifted its stake in Kraft Heinz by 13.6% in the 1st quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after purchasing an additional 104,872 shares during the last quarter. Lakeshore Capital Group Inc. lifted its stake in Kraft Heinz by 39.8% in the 2nd quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock valued at $957,000 after purchasing an additional 10,551 shares during the last quarter. Bard Financial Services Inc. lifted its stake in Kraft Heinz by 24.5% in the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after purchasing an additional 20,500 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after purchasing an additional 6,551 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Stock Performance
Shares of KHC opened at $25.19 on Thursday. The company has a market capitalization of $29.81 billion, a PE ratio of -5.61, a price-to-earnings-growth ratio of 2.98 and a beta of 0.16. Kraft Heinz Company has a one year low of $24.80 and a one year high of $36.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The company’s fifty day moving average price is $26.63 and its 200 day moving average price is $27.33.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is currently -35.63%.
Insider Transactions at Kraft Heinz
In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on KHC. Barclays cut their target price on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, October 10th. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Finally, DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $29.06.
Get Our Latest Stock Report on Kraft Heinz
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.
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