Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in Kraft Heinz Company $KHC

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 7.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,322,760 shares of the company’s stock after buying an additional 92,688 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Kraft Heinz were worth $34,154,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Shell Asset Management Co. grew its holdings in Kraft Heinz by 89.7% during the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after purchasing an additional 42,758 shares during the last quarter. Lakeshore Capital Group Inc. boosted its position in shares of Kraft Heinz by 39.8% during the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock valued at $957,000 after buying an additional 10,551 shares during the period. Swedbank AB grew its stake in shares of Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after buying an additional 104,872 shares during the last quarter. Bard Financial Services Inc. raised its holdings in shares of Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock worth $2,691,000 after buying an additional 20,500 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its stake in shares of Kraft Heinz by 225.2% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 403,238 shares of the company’s stock worth $10,412,000 after acquiring an additional 279,238 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KHC. JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Morgan Stanley cut their price target on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Barclays lowered their price objective on shares of Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. BNP Paribas Exane cut their target price on shares of Kraft Heinz from $29.00 to $26.00 in a research report on Thursday, October 30th. Finally, Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $26.58.

Kraft Heinz Stock Down 1.4%

Kraft Heinz stock opened at $24.49 on Tuesday. The business’s 50-day simple moving average is $25.42 and its two-hundred day simple moving average is $26.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The company has a market cap of $28.99 billion, a PE ratio of -6.57, a PEG ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a fifty-two week low of $23.70 and a fifty-two week high of $33.35.

Kraft Heinz (NASDAQ:KHC) last released 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 firm had revenue of $6.39 billion during the quarter. Equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. Kraft Heinz’s payout ratio is currently -42.90%.

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.