Cwm LLC Purchases 47,336 Shares of Kraft Heinz Company $KHC

Key Points

• Cwm LLC increased its stake in Kraft Heinz by 7.4% in Q2, now owning 686,043 shares valued at approximately $17.7 million.
• A recent quarterly dividend of $0.40 per share was declared, resulting in a dividend yield of 6.4%.
• Kraft Heinz has faced mixed analyst ratings, with a consensus price target currently set at $29.06, indicating a cautious outlook from investors.

Cwm LLC lifted its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 686,043 shares of the company's stock after purchasing an additional 47,336 shares during the period. Cwm LLC owned about 0.06% of Kraft Heinz worth $17,714,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 worth $318,933,000 after purchasing an additional 1,895,722 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $248,665,000 after purchasing an additional 103,548 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after purchasing an additional 7,278,295 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kraft Heinz by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock worth $209,201,000 after purchasing an additional 350,067 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price target on the stock. DZ Bank raised shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Barclays lowered 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 note on Friday. Deutsche Bank Aktiengesellschaft lowered 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 note on Monday. Finally, Stifel Nicolaus lowered 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 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 company. Based on data from MarketBeat, Kraft Heinz has an average rating of "Reduce" and a consensus price target of $29.06.

Kraft Heinz Stock Performance

KHC stock opened at $25.11 on Tuesday. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of -5.59, a PEG ratio of 2.94 and a beta of 0.16. 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 Company has a one year low of $24.80 and a one year high of $36.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results 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%. On average, equities analysts forecast 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. Shareholders of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz's dividend payout ratio is presently -35.63%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated 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 sale, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.35% of the company's stock.

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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