Linden Thomas Advisory Services LLC Has $1.23 Million Stake in Kraft Heinz Company $KHC

Linden Thomas Advisory Services LLC boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,778 shares of the company’s stock after acquiring an additional 1,842 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Kraft Heinz were worth $1,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC bought a new position in Kraft Heinz during the first quarter worth about $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $33,000. Investment Management Corp VA ADV boosted its stake in shares of Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after acquiring an additional 669 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Kraft Heinz during the 2nd quarter worth approximately $39,000. Finally, Banque Transatlantique SA bought a new stake in Kraft Heinz in the 1st quarter valued at $40,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 0.6%

Shares of KHC stock opened at $25.25 on Monday. The stock has a market cap of $29.89 billion, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.16. Kraft Heinz Company has a 1 year low of $24.80 and a 1 year high of $35.17. 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 50 day simple moving average of $26.33 and a 200 day simple moving average of $27.11.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KHC shares. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their price target 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. UBS Group reduced their price objective on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on Kraft Heinz from $29.00 to $28.00 in a research note on Thursday, October 16th. Finally, Jefferies Financial Group reduced their price target on 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 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. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and an average target price of $28.65.

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.