Koshinski Asset Management Inc. Cuts Holdings in Kraft Heinz Company $KHC

Koshinski Asset Management Inc. trimmed its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 18.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,059 shares of the company’s stock after selling 1,766 shares during the period. Koshinski Asset Management Inc.’s holdings in Kraft Heinz were worth $208,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KHC. Vanguard Group Inc. grew its holdings 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 worth $3,103,277,000 after acquiring an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 acquiring an additional 1,895,722 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Kraft Heinz by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after acquiring an additional 103,548 shares during the period. Nordea Investment Management AB grew its holdings in shares of Kraft Heinz by 11.1% in the 2nd quarter. Nordea Investment Management AB now owns 7,820,516 shares of the company’s stock worth $201,300,000 after acquiring an additional 778,744 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of 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 acquiring an additional 7,278,295 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $25.58 on Wednesday. The business’s fifty day moving average price is $26.47 and its two-hundred day moving average price is $27.18. The stock has a market cap of $30.28 billion, a PE ratio of -5.70, a price-to-earnings-growth ratio of 3.01 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a one year low of $24.80 and a one year high of $36.00.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results 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, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Analyst Ratings Changes

KHC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Jefferies Financial Group lowered their price target on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and upped their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, Barclays lowered their target price on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, October 10th. One investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $28.65.

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.