Cwm LLC Increases Stake in Kraft Heinz Company $KHC

Cwm LLC lifted its stake in Kraft Heinz Company (NASDAQ:KHC) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 686,043 shares of the company’s stock after purchasing an additional 47,336 shares during the quarter. Cwm LLC’s holdings in Kraft Heinz were worth $17,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KHC. Vanguard Group Inc. raised its position in shares of Kraft Heinz by 12.7% in 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. increased its holdings in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after buying an additional 7,278,295 shares during the period. Nuveen LLC acquired a new position in Kraft Heinz in the 1st quarter worth approximately $61,110,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kraft Heinz by 22.1% in 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 worth $318,933,000 after buying an additional 1,895,722 shares during the period. Finally, Deutsche Bank AG increased its holdings in Kraft Heinz by 24.1% in the 1st quarter. Deutsche Bank AG now owns 6,460,347 shares of the company’s stock worth $196,588,000 after buying an additional 1,255,022 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KHC has been the topic of several research reports. Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday, September 3rd. Stifel Nicolaus cut their price target 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. UBS Group cut their price target 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $29.06.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.11 on Tuesday. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $36.31. The stock has a market capitalization of $29.72 billion, a price-to-earnings ratio of -5.59, a PEG ratio of 2.94 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. The firm’s 50 day simple moving average is $26.70 and its 200-day simple moving average is $27.36.

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. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm had revenue of $6.39 billion for the quarter. Analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio (DPR) 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.