Kraft Heinz Company $KHC Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lessened its position in Kraft Heinz Company (NASDAQ:KHC) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,875 shares of the company’s stock after selling 6,708 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Kraft Heinz were worth $2,372,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rossby Financial LCC purchased a new position in Kraft Heinz in the 1st quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz during the first quarter worth $33,000. Investment Management Corp VA ADV raised its position in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after buying an additional 669 shares during the last quarter. Banque Transatlantique SA acquired a new position in Kraft Heinz during the first quarter worth about $40,000. Finally, Hilltop National Bank acquired a new position in Kraft Heinz during the second quarter worth about $41,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KHC. Barclays decreased their target price on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, October 10th. DZ Bank raised Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Wells Fargo & Company lowered their price objective on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 3rd. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $29.06.

Kraft Heinz Stock Down 1.0%

Shares of NASDAQ:KHC opened at $25.19 on Thursday. The company has a market capitalization of $29.81 billion, a price-to-earnings ratio of -5.61, a PEG ratio of 2.98 and a beta of 0.16. Kraft Heinz Company has a 12-month low of $24.80 and a 12-month high of $36.31. The business has a 50-day moving average price of $26.63 and a 200 day moving average price of $27.33. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company had revenue of $6.39 billion for the quarter. Sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued 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 -35.63%.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by insiders.

About Kraft Heinz

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.