CORDA Investment Management LLC. Has $20.03 Million Stake in Kraft Heinz Company $KHC

CORDA Investment Management LLC. grew its position in Kraft Heinz Company (NASDAQ:KHC) by 4.7% during the second quarter, HoldingsChannel.com reports. The firm owned 775,772 shares of the company’s stock after buying an additional 34,661 shares during the quarter. CORDA Investment Management LLC.’s holdings in Kraft Heinz were worth $20,030,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC bought a new stake in shares of Kraft Heinz in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Kraft Heinz in the first quarter valued at about $33,000. Investment Management Corp VA ADV raised its holdings in Kraft Heinz by 141.7% during the first 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 in the last quarter. Banque Transatlantique SA bought a new stake in Kraft Heinz during the first quarter worth about $40,000. Finally, FSC Wealth Advisors LLC raised its holdings in Kraft Heinz by 1,245.6% during the first quarter. FSC Wealth Advisors LLC now owns 1,534 shares of the company’s stock worth $47,000 after acquiring an additional 1,420 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.52 on Monday. The firm has a market cap of $30.21 billion, a P/E ratio of -5.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.16. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. Kraft Heinz Company has a 1-year low of $24.80 and a 1-year high of $36.31. The business’s 50 day moving average is $26.54 and its 200-day moving average is $27.22.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders 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 yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 target price on the stock. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and upped their target price for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Wells Fargo & Company dropped their target price on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. Finally, UBS Group dropped their target price on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average price target 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.