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Charles Schwab Investment Management Inc. Increases Stock Holdings in Kraft Heinz Company (NASDAQ:KHC)

Kraft Heinz logo with Consumer Staples background

Key Points

  • Charles Schwab Investment Management Inc. increased its stake in Kraft Heinz Company by 4.2%, now holding approximately 5.84 million shares valued at $177.6 million.
  • Kraft Heinz recently reported earnings of $0.69 per share, surpassing analysts' estimates of $0.64, despite a 1.9% decline in revenue year-over-year.
  • The company declared a quarterly dividend of $0.40, providing a 5.8% dividend yield for investors, with the payment scheduled for September 26th.
  • Want stock alerts on Kraft Heinz? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Charles Schwab Investment Management Inc. boosted its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,837,411 shares of the company's stock after acquiring an additional 236,119 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.49% of Kraft Heinz worth $177,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KHC. Versant Capital Management Inc raised its position in Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after purchasing an additional 10,272 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Kraft Heinz by 7.8% during the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after acquiring an additional 6,551 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Kraft Heinz by 1.3% during 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 in the last quarter. GAMMA Investing LLC raised its position in shares of Kraft Heinz by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock worth $481,000 after acquiring an additional 3,468 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Kraft Heinz by 58.3% during the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock worth $671,000 after acquiring an additional 8,144 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 0.4%

Shares of KHC stock opened at $27.76 on Friday. The business's 50 day moving average is $26.93 and its two-hundred day moving average is $28.46. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The company has a market capitalization of $32.86 billion, a P/E ratio of -6.18, a price-to-earnings-growth ratio of 3.23 and a beta of 0.23. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the business earned $0.78 earnings per share. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.8%. Kraft Heinz's payout ratio is -35.63%.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. UBS Group raised their target price on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Friday, May 9th. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Finally, Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $30.35.

Get Our Latest Research Report on KHC

About Kraft Heinz

(Free Report)

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.

Read More

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Company (NASDAQ:KHC - Free Report).

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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