Kraft Heinz Company $KHC Shares Bought by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. increased its stake in Kraft Heinz by 72.3% during the 2nd quarter, owning 38,330 shares valued at approximately $990,000 as of their latest filing.
• Analyst ratings show a mixed outlook for Kraft Heinz, with Goldman Sachs upgrading the stock to "neutral" and adjusting the price target from $25.00 to $27.00.
• Kraft Heinz recently announced a quarterly dividend of $0.40, resulting in an annualized dividend yield of 6.3%.

Praxis Investment Management Inc. raised its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 72.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,330 shares of the company's stock after buying an additional 16,080 shares during the quarter. Praxis Investment Management Inc.'s holdings in Kraft Heinz were worth $990,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in Kraft Heinz in the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz in the 1st quarter valued at $33,000. Investment Management Corp VA ADV increased its stake in Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after buying an additional 669 shares during the period. Banque Transatlantique SA acquired a new position in Kraft Heinz in the 1st quarter valued at $40,000. Finally, Hilltop National Bank acquired a new position in Kraft Heinz in the 2nd quarter valued at $41,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They set a "neutral" rating and a $27.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday, September 3rd. DZ Bank upgraded shares of Kraft Heinz from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, Barclays decreased their target price on shares of Kraft Heinz from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $28.65.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $25.52 on Friday. Kraft Heinz Company has a 52 week low of $24.80 and a 52 week high of $36.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The firm's 50-day simple moving average is $26.54 and its 200 day simple moving average is $27.26. The firm has a market capitalization of $30.21 billion, a PE ratio of -5.68, a P/E/G ratio of 2.94 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS 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 for the quarter. On average, equities research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors 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 yield of 6.3%. Kraft Heinz's payout ratio is presently -35.63%.

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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