Blair William & Co. IL Trims Stock Position in Kraft Heinz Company $KHC

Blair William & Co. IL decreased its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 42.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,199 shares of the company's stock after selling 50,092 shares during the period. Blair William & Co. IL's holdings in Kraft Heinz were worth $1,787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after buying an additional 11,472,071 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Kraft Heinz by 22.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company's stock valued at $318,933,000 after buying an additional 1,895,722 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Kraft Heinz by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after buying an additional 103,548 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after buying an additional 7,278,295 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Kraft Heinz by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock valued at $209,201,000 after buying an additional 350,067 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling at Kraft Heinz

In other 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 value of $697,750.00. Following the completion of the sale, the director owned 40,000 shares of the company's stock, valued at $1,116,400. This represents a 38.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Stock Up 1.3%

Shares of NASDAQ KHC opened at $25.44 on Wednesday. Kraft Heinz Company has a 12-month low of $24.80 and a 12-month high of $36.31. The stock has a market cap of $30.11 billion, a PE ratio of -5.67, a P/E/G ratio of 2.94 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. The company has a 50-day moving average of $26.67 and a 200 day moving average of $27.35.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share 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 during the quarter. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz's dividend payout ratio is -35.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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 report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Finally, UBS Group cut their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $29.06.

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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