Rehmann Capital Advisory Group Raises Position in Kraft Heinz Company $KHC

Rehmann Capital Advisory Group grew its position in Kraft Heinz Company (NASDAQ:KHC) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,261 shares of the company’s stock after acquiring an additional 711 shares during the period. Rehmann Capital Advisory Group’s holdings in Kraft Heinz were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of Kraft Heinz in the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz in the first quarter valued at about $33,000. Investment Management Corp VA ADV boosted its holdings 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 acquiring an additional 669 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in Kraft Heinz during the second quarter worth about $39,000. Finally, Banque Transatlantique SA purchased a new stake in Kraft Heinz during the first quarter worth about $40,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.41 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The stock has a market cap of $30.08 billion, a P/E ratio of -5.66, a PEG ratio of 3.00 and a beta of 0.16. The company has a 50-day moving average of $26.37 and a two-hundred day moving average of $27.15. Kraft Heinz Company has a 12-month low of $24.80 and a 12-month high of $35.72.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) 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%. As a group, research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s payout ratio is presently -35.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KHC. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Barclays decreased 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. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price objective on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $28.65.

Kraft Heinz 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.