102,495 Shares in Kraft Heinz Company $KHC Purchased by Alpine Woods Capital Investors LLC

Key Points

• Alpine Woods Capital Investors LLC acquired 102,495 shares of Kraft Heinz Company, valued at around $2,646,000, in Q2.
• Several institutional investors, including Verdence Capital Advisors and Sequoia Financial Advisors, significantly increased their holdings in Kraft Heinz during the same period.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, which reflects an annualized dividend of $1.60 and a dividend yield of 6.4%.

Alpine Woods Capital Investors LLC purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 102,495 shares of the company's stock, valued at approximately $2,646,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Verdence Capital Advisors LLC boosted its holdings in shares of Kraft Heinz by 171.6% during the second quarter. Verdence Capital Advisors LLC now owns 35,676 shares of the company's stock worth $921,000 after acquiring an additional 22,539 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Kraft Heinz by 4.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,599 shares of the company's stock worth $454,000 after acquiring an additional 724 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Kraft Heinz by 121.9% during the second quarter. Sequoia Financial Advisors LLC now owns 55,797 shares of the company's stock worth $1,441,000 after acquiring an additional 30,654 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Kraft Heinz by 1.3% during the second quarter. Yousif Capital Management LLC now owns 98,991 shares of the company's stock worth $2,556,000 after acquiring an additional 1,242 shares during the period. Finally, M.E. Allison & CO. Inc. boosted its holdings in shares of Kraft Heinz by 88.9% during the second quarter. M.E. Allison & CO. Inc. now owns 15,715 shares of the company's stock worth $406,000 after acquiring an additional 7,397 shares during the period. Institutional investors own 78.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KHC. Wells Fargo & Company reduced their price objective on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Barclays reduced their price objective on Kraft Heinz from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Friday. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price target for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. UBS Group cut their price target on Kraft Heinz from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price target on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $29.06.

Kraft Heinz Stock Down 0.2%

Shares of KHC opened at $25.11 on Tuesday. Kraft Heinz Company has a one year low of $24.80 and a one year high of $36.31. The company has a market cap of $29.72 billion, a P/E ratio of -5.59, a P/E/G 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 has a 50 day simple moving average of $26.70 and a two-hundred day simple moving average of $27.36.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. The business had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared 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 6.4%. Kraft Heinz's dividend payout ratio is -35.63%.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.35% of the company's stock.

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.

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