Unison Advisors LLC Purchases 1,373 Shares of Kraft Heinz Company $KHC

Unison Advisors LLC boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 1.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 99,373 shares of the company’s stock after buying an additional 1,373 shares during the period. Unison Advisors LLC’s holdings in Kraft Heinz were worth $2,566,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in KHC. Vanguard Group Inc. lifted its holdings in Kraft Heinz by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock valued at $3,103,277,000 after purchasing an additional 11,472,071 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Kraft Heinz by 4,390.7% during the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after purchasing an additional 7,278,295 shares during the last quarter. Nuveen LLC bought a new position in Kraft Heinz during the 1st quarter valued at about $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 valued at $318,933,000 after purchasing an additional 1,895,722 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Kraft Heinz by 24.1% during the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock valued at $196,588,000 after purchasing an additional 1,255,022 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KHC has been the subject of several analyst reports. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. UBS Group dropped their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. 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 company’s stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $28.65.

Kraft Heinz Trading Up 1.6%

KHC opened at $25.52 on Monday. 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 has a market cap of $30.21 billion, a price-to-earnings ratio of -5.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.16. The firm has a 50 day simple moving average of $26.54 and a 200 day simple moving average of $27.22. 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 posted its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business 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%. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors 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 dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s payout ratio is -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.