Mutual Advisors LLC Has $654,000 Position in Kraft Heinz Company $KHC

Mutual Advisors LLC lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 43.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,809 shares of the company’s stock after acquiring an additional 6,936 shares during the period. Mutual Advisors LLC’s holdings in Kraft Heinz were worth $654,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Kraft Heinz during the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz during the first quarter worth $33,000. Investment Management Corp VA ADV raised its holdings in Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $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 $40,000. Finally, FSC Wealth Advisors LLC raised its holdings in Kraft Heinz by 1,245.6% during the first quarter. FSC Wealth Advisors LLC now owns 1,534 shares of the company’s stock worth $47,000 after buying an additional 1,420 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KHC shares. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. UBS Group lowered their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Barclays lowered their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, October 10th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” 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 assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $28.65.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $25.52 on Monday. The firm has a 50-day moving average of $26.54 and a 200-day moving average of $27.22. The company has a market cap of $30.21 billion, a P/E ratio of -5.68, a P/E/G ratio of 2.99 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a one year low of $24.80 and a one year high of $36.31.

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

Kraft Heinz Dividend Announcement

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

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.