Traub Capital Management LLC Takes $601,000 Position in Kraft Heinz Company $KHC

Traub Capital Management LLC purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,270 shares of the company’s stock, valued at approximately $601,000.

Several other large investors have also bought and sold shares of KHC. Investment Management Corp VA ADV boosted its position in shares of Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after purchasing an additional 669 shares during the last quarter. Banque Transatlantique SA bought a new position in Kraft Heinz during the first quarter worth about $40,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at about $39,000. Larson Financial Group LLC increased its stake in shares of Kraft Heinz by 52.6% in the 1st quarter. Larson Financial Group LLC now owns 1,558 shares of the company’s stock valued at $47,000 after acquiring an additional 537 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Kraft Heinz during the 2nd quarter worth approximately $41,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 2.0%

Shares of KHC stock opened at $24.97 on Wednesday. Kraft Heinz Company has a 12-month low of $23.70 and a 12-month high of $33.35. The company has a market capitalization of $29.56 billion, a PE ratio of -6.69, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. The firm has a 50 day moving average price of $25.38 and a two-hundred day moving average price of $26.53. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

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 positive return on equity of 7.26% and a negative net margin of 17.35%.The company had revenue of $6.39 billion for the quarter. As a group, analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, November 28th. Kraft Heinz’s payout ratio is presently -42.90%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KHC shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kraft Heinz from $27.00 to $26.00 in a report on Thursday, October 30th. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. UBS Group reduced their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. HSBC reduced their target price on shares of Kraft Heinz from $29.00 to $27.00 in a report on Thursday, October 30th. Finally, Jefferies Financial Group decreased 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 given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $26.58.

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.