Kraft Heinz Company $KHC Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 49.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,075 shares of the company’s stock after buying an additional 36,006 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Kraft Heinz were worth $2,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in KHC. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares during the period. Pacer Advisors Inc. raised its position in shares of Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after purchasing an additional 7,278,295 shares during the period. Nuveen LLC acquired a new stake in shares of Kraft Heinz during the 1st quarter worth approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kraft Heinz by 22.1% during the 1st 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 raised its position in shares of Kraft Heinz by 24.1% during the 1st 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 period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Kraft Heinz from $28.00 to $27.00 and set a “hold” rating for the company in a report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. DZ Bank raised Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Morgan Stanley set a $29.00 price objective on Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company decreased their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and a consensus target price of $29.06.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $25.19 on Thursday. The stock has a fifty day moving average price of $26.63 and a two-hundred day moving average price of $27.33. 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 firm has a market cap of $29.81 billion, a P/E ratio of -5.61, a PEG ratio of 2.98 and a beta of 0.16. Kraft Heinz Company has a 1 year low of $24.80 and a 1 year 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 (EPS) for the quarter. The firm had revenue of $6.39 billion during the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently -35.63%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction on 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 transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company’s stock.

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.