Aberdeen Group plc Grows Position in Kraft Heinz Company $KHC

Key Points

• Aberdeen Group plc increased its stake in Kraft Heinz Company by 4.8%, owning approximately 643,237 shares valued at $16.5 million as of the latest SEC filing.
• Kraft Heinz recently declared a quarterly dividend of $0.40 per share, yielding about 6.3% annually, with a negative dividend payout ratio of -35.63%.
• Multiple analysts have lowered their price targets for Kraft Heinz, with the average price target now at $29.06, amidst varying ratings from hold to sell.

Aberdeen Group plc raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 643,237 shares of the company's stock after purchasing an additional 29,732 shares during the quarter. Aberdeen Group plc owned approximately 0.05% of Kraft Heinz worth $16,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in Kraft Heinz during the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Kraft Heinz in the first quarter worth about $33,000. Investment Management Corp VA ADV boosted its position in shares of Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after acquiring an additional 669 shares during the period. Banque Transatlantique SA bought a new position in shares of Kraft Heinz in the first quarter valued at approximately $40,000. Finally, Hilltop National Bank bought a new position in shares of Kraft Heinz in the second quarter valued at approximately $41,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Kraft Heinz Trading Up 1.3%

Shares of KHC opened at $25.44 on Wednesday. The firm's 50 day simple moving average is $26.67 and its 200 day simple moving average is $27.35. The company has a market capitalization of $30.11 billion, a P/E ratio of -5.67, 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. Kraft Heinz Company has a 1-year low of $24.80 and a 1-year high of $36.31.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given 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 presently -35.63%.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Monday. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price objective for the company. Finally, Barclays cut their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $29.06.

About Kraft Heinz

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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