KLP Kapitalforvaltning AS Grows Position in Kraft Heinz Company $KHC

Key Points

• KLP Kapitalforvaltning AS increased its stake in Kraft Heinz Company by 3.8% during the second quarter, holding 329,759 shares valued at approximately $8.5 million by the quarter's end.
• Several large investors, including Foresight Capital Management and Valley National Advisers, also increased their holdings in Kraft Heinz during the same period, indicating renewed interest in the stock.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 6.4%, despite a negative net margin of 20.83% reported in its last earnings results.

KLP Kapitalforvaltning AS raised its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,759 shares of the company's stock after acquiring an additional 12,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Kraft Heinz were worth $8,514,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KHC. Foresight Capital Management Advisors Inc. raised its stake in Kraft Heinz by 7.3% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 105,964 shares of the company's stock valued at $2,736,000 after purchasing an additional 7,190 shares during the last quarter. KPP Advisory Services LLC grew its holdings in shares of Kraft Heinz by 57.7% during the second quarter. KPP Advisory Services LLC now owns 16,627 shares of the company's stock worth $429,000 after buying an additional 6,081 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of Kraft Heinz by 235.7% during the second quarter. Valley National Advisers Inc. now owns 3,414 shares of the company's stock worth $88,000 after buying an additional 2,397 shares in the last quarter. Measured Risk Portfolios Inc. grew its holdings in shares of Kraft Heinz by 10.0% during the second quarter. Measured Risk Portfolios Inc. now owns 71,836 shares of the company's stock worth $1,855,000 after buying an additional 6,524 shares in the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of Kraft Heinz by 45.2% during the second quarter. OLD National Bancorp IN now owns 392,975 shares of the company's stock worth $10,147,000 after buying an additional 122,270 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. DZ Bank upgraded shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, September 3rd. Stifel Nicolaus lowered their price target 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. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of "Reduce" and a consensus target price of $29.71.

Kraft Heinz Stock Down 0.2%

Shares of NASDAQ:KHC opened at $25.04 on Friday. The stock has a market capitalization of $29.64 billion, a price-to-earnings ratio of -5.58, a price-to-earnings-growth ratio of 2.93 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $24.85 and a 1-year high of $36.31. The company's fifty day moving average is $26.78 and its two-hundred day moving average is $27.46. 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 issued its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. Equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current 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 given a dividend of $0.40 per share. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. Kraft Heinz's dividend payout ratio is currently -35.63%.

Insider Transactions at Kraft Heinz

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

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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