TD Asset Management Inc Buys 21,892 Shares of Kraft Heinz Company $KHC

Key Points

• TD Asset Management Inc increased its stake in Kraft Heinz Company by 5.1%, acquiring an additional 21,892 shares, bringing its total holdings to 451,495 shares valued at approximately $11.66 million.
• Several institutional investors, including Rossby Financial and FSC Wealth Advisors, have also recently modified their positions in Kraft Heinz, contributing to over 78% institutional ownership of the company's stock.
• Kraft Heinz has a current dividend yield of 6.3%, following a quarterly dividend of $0.40 per share announced in September.

TD Asset Management Inc boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,495 shares of the company's stock after buying an additional 21,892 shares during the period. TD Asset Management Inc's holdings in Kraft Heinz were worth $11,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Kraft Heinz during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in Kraft Heinz during the 1st quarter valued at approximately $33,000. Investment Management Corp VA ADV increased its position in Kraft Heinz by 141.7% during 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 in the last quarter. Banque Transatlantique SA bought a new position in Kraft Heinz during the 1st quarter valued at approximately $40,000. Finally, FSC Wealth Advisors LLC increased its position in Kraft Heinz by 1,245.6% during the 1st quarter. FSC Wealth Advisors LLC now owns 1,534 shares of the company's stock valued at $47,000 after buying an additional 1,420 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KHC. UBS Group reduced their target price on Kraft Heinz from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on Kraft Heinz in a report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 target price for the company. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $25.00 to $27.00 in a report 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 report on Wednesday. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Kraft Heinz in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $28.65.

Kraft Heinz Stock Performance

Shares of KHC opened at $25.52 on Friday. 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 one year low of $24.80 and a one year high of $36.31. The firm has a market capitalization of $30.21 billion, a P/E ratio of -5.68, a PEG ratio of 2.99 and a beta of 0.16. The business has a fifty day moving average of $26.54 and a 200 day moving average of $27.24.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The company had revenue of $6.39 billion during the quarter. As a group, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

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