Kraft Heinz Company $KHC Stake Raised by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Kraft Heinz by 25.5%, owning 178,144 shares valued at $4.6 million after additional purchases during the second quarter.
• Analysts have mixed opinions on Kraft Heinz, with Goldman Sachs upgrading it from "sell" to "neutral" and setting a new price target of $27.00, while UBS lowered their target from $28.00 to $27.00.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, resulting in an annualized payout of $1.60, which corresponds to a dividend yield of 6.4%.

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 25.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,144 shares of the company's stock after buying an additional 36,192 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Kraft Heinz were worth $4,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. raised its holdings in shares of Kraft Heinz by 89.7% during the second quarter. Shell Asset Management Co. now owns 90,450 shares of the company's stock valued at $2,335,000 after buying an additional 42,758 shares during the last quarter. Swedbank AB raised its holdings in shares of Kraft Heinz by 13.6% during the first quarter. Swedbank AB now owns 878,684 shares of the company's stock valued at $26,738,000 after buying an additional 104,872 shares during the last quarter. Bard Financial Services Inc. raised its holdings in shares of Kraft Heinz by 24.5% during the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock valued at $2,691,000 after buying an additional 20,500 shares during the last quarter. Lakeshore Capital Group Inc. raised its holdings in Kraft Heinz by 39.8% during the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company's stock worth $957,000 after purchasing an additional 10,551 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Kraft Heinz by 7.8% during the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company's stock worth $2,746,000 after purchasing an additional 6,551 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. UBS Group lowered their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. started coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price objective for the company. Finally, Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the company an "equal weight" rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $29.71.

Kraft Heinz Stock Down 0.2%

Kraft Heinz stock opened at $25.04 on Friday. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of -5.58, a P/E/G ratio of 2.93 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a fifty-two week low of $24.85 and a fifty-two week high of $36.31. The firm has a fifty day moving average price of $26.78 and a two-hundred day moving average price of $27.46.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The firm 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%. As a group, analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz's dividend payout ratio is currently -35.63%.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's 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 transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.

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.