Sequoia Financial Advisors LLC Buys 30,654 Shares of Kraft Heinz Company $KHC

Key Points

• Sequoia Financial Advisors LLC has increased its stake in Kraft Heinz Company by 121.9% during the second quarter, now holding a total of 55,797 shares valued at approximately $1.44 million.
• In recent trading, Kraft Heinz shares opened at $25.13, with the stock having a fifty-two week low of $24.80 and a high of $36.31, and a current market capitalization of $29.74 billion.
• The company recently 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%.

Sequoia Financial Advisors LLC raised its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 121.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,797 shares of the company's stock after acquiring an additional 30,654 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Kraft Heinz were worth $1,441,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. boosted its position in shares of Kraft Heinz by 89.7% in the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company's stock worth $2,335,000 after purchasing an additional 42,758 shares in the last quarter. Swedbank AB boosted its position in shares of Kraft Heinz by 13.6% in the 1st quarter. Swedbank AB now owns 878,684 shares of the company's stock worth $26,738,000 after purchasing an additional 104,872 shares in the last quarter. Lakeshore Capital Group Inc. boosted its position in shares of Kraft Heinz by 39.8% in the 2nd 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. Bard Financial Services Inc. boosted its position in shares of Kraft Heinz by 24.5% in the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company's stock worth $2,691,000 after purchasing an additional 20,500 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Kraft Heinz by 7.8% in the 1st 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 and hedge funds own 78.17% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.13 on Friday. The stock has a 50-day simple moving average of $26.58 and a two-hundred day simple moving average of $27.29. The firm has a market capitalization of $29.74 billion, a P/E ratio of -5.60, a PEG ratio of 2.95 and a beta of 0.16. Kraft Heinz Company has a fifty-two week low of $24.80 and a fifty-two week high of $36.31. 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 released its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion during the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. On average, equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date 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 (DPR) is presently -35.63%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KHC. Wells Fargo & Company lowered their price objective on Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reissued a "sell (d)" rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and raised their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Jefferies Financial Group reduced their target price on Kraft Heinz from $28.00 to $24.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, Barclays reduced their target price on Kraft Heinz from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, October 10th. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $28.65.

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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