Townsquare Capital LLC Has $762,000 Holdings in Kraft Heinz Company $KHC

Key Points

• Townsquare Capital LLC has decreased its holdings in Kraft Heinz Company by 27.9%, selling 9,685 shares and bringing its total to 25,043 shares valued at approximately $762,000.
• Several large investors, including Mitsubishi UFJ Asset Management and 1834 Investment Advisors, have increased their stakes in Kraft Heinz, indicating ongoing interest from institutional investors.
• Kraft Heinz recently announced a quarterly dividend of $0.40 per share, with an annualized yield of 5.8%, to be paid at the end of September.

Townsquare Capital LLC lowered its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 27.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,043 shares of the company's stock after selling 9,685 shares during the quarter. Townsquare Capital LLC's holdings in Kraft Heinz were worth $762,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KHC. Vanguard Group Inc. boosted its stake in shares of Kraft Heinz by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after purchasing an additional 11,472,071 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Kraft Heinz by 12.6% in the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after purchasing an additional 1,039,885 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kraft Heinz by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock valued at $263,650,000 after purchasing an additional 1,628,516 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Kraft Heinz by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after purchasing an additional 103,548 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock valued at $226,523,000 after purchasing an additional 7,278,295 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Down 1.4%

KHC stock traded down $0.40 during mid-day trading on Monday, hitting $27.27. 7,898,079 shares of the company were exchanged, compared to its average volume of 12,880,246. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The firm has a market cap of $32.28 billion, a P/E ratio of -6.07, a P/E/G ratio of 3.22 and a beta of 0.23. The firm's 50 day simple moving average is $27.04 and its 200 day simple moving average is $28.36. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.9%. Kraft Heinz's dividend payout ratio (DPR) is -35.63%.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a research note on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Friday, May 9th. Three research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.35.

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.