Pacer Advisors Inc. Has $226.52 Million Position in Kraft Heinz Company (NASDAQ:KHC)

Key Points

• Pacer Advisors Inc. significantly increased its stake in Kraft Heinz by **4,390.7%**, acquiring over **7.2 million shares**, now holding a total valued at **$226.52 million**.
• Insider **Elio Leoni Sceti** sold **25,000 shares** of Kraft Heinz at approximately **$27.91** per share, reducing his position by **38.46%**.
• Kraft Heinz recently declared a quarterly dividend of **$0.40 per share**, representing an annualized **yield of 5.56%** and a **dividend payout ratio** of **73.06%**.

Pacer Advisors Inc. boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4,390.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,444,062 shares of the company's stock after buying an additional 7,278,295 shares during the period. Pacer Advisors Inc. owned about 0.63% of Kraft Heinz worth $226,523,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Klingenstein Fields & Co. LP boosted its stake in shares of Kraft Heinz by 4.6% in the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company's stock valued at $239,000 after purchasing an additional 344 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock valued at $1,097,000 after purchasing an additional 370 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Kraft Heinz by 4.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock valued at $307,000 after purchasing an additional 386 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock valued at $779,000 after purchasing an additional 397 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Kraft Heinz by 0.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock valued at $2,101,000 after purchasing an additional 397 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company's stock.

Kraft Heinz Trading Down 0.6%

NASDAQ KHC opened at $28.78 on Friday. The business's 50-day moving average price is $26.75 and its two-hundred day moving average price is $28.57. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.53. The firm has a market capitalization of $34.06 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.39 and a beta of 0.25. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. On average, analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KHC. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price target for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. UBS Group cut their price target on Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Stifel Nicolaus dropped their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Finally, DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Friday, May 9th. Three analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.29.

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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