Headlands Technologies LLC Sells 36,633 Shares of Kraft Heinz Company (NASDAQ:KHC)

Key Points

• Headlands Technologies LLC reduced its holdings in Kraft Heinz Company by 54.9% during Q1, owning 30,053 shares valued at approximately $915,000 after selling 36,633 shares.
• Various hedge funds adjusted their stakes in Kraft Heinz, with Versant Capital Management increasing its holdings by 493.4%, while D.A. Davidson increased by 7.8% and Bank of New York Mellon by 1.3%.
• On September 26th, Kraft Heinz will pay a quarterly dividend of $0.40 per share, resulting in an annualized dividend of $1.60 and a yield of 5.8%.

Headlands Technologies LLC lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 54.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,053 shares of the company's stock after selling 36,633 shares during the period. Headlands Technologies LLC's holdings in Kraft Heinz were worth $915,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Hara Capital LLC raised its position in shares of Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 650 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Kraft Heinz by 39.6% during the fourth quarter. Wellington Management Group LLP now owns 176,864 shares of the company's stock worth $5,431,000 after purchasing an additional 50,211 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Kraft Heinz by 2.3% during the fourth quarter. Bank of Nova Scotia now owns 227,130 shares of the company's stock worth $6,975,000 after purchasing an additional 5,125 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Kraft Heinz during the fourth quarter worth about $39,339,000. Finally, Heritage Trust Co acquired a new stake in Kraft Heinz during the fourth quarter worth about $413,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.4%

Shares of KHC stock traded up $0.11 during trading hours on Friday, hitting $27.76. 9,265,738 shares of the company were exchanged, compared to its average volume of 17,561,108. The business has a 50 day moving average of $26.93 and a two-hundred day moving average of $28.46. 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 Company has a 52 week low of $25.44 and a 52 week high of $36.53. The company has a market capitalization of $32.86 billion, a PE ratio of -6.18, a PEG ratio of 3.23 and a beta of 0.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its 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 negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders 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 annualized dividend and a yield of 5.8%. Kraft Heinz's payout ratio is -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction dated 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 in the company, valued at $1,116,400. The trade was a 38.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. UBS Group lifted their target price on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. 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. Finally, Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the stock. According to MarketBeat, Kraft Heinz currently has an average rating of "Hold" and an average target price of $30.35.

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.