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Wilmington Savings Fund Society FSB Boosts Stake in Kraft Heinz Company $KHC

Kraft Heinz logo with Consumer Staples background

Key Points

  • Wilmington Savings Fund Society FSB increased its stake in Kraft Heinz Company by 49.3%, owning 109,075 shares valued at approximately $2.8 million as of their latest SEC filing.
  • Multiple institutional investors, including Vanguard Group Inc. and UBS AM, have increased their holdings in Kraft Heinz, further demonstrating growing interest among major financial firms.
  • Kraft Heinz has seen recent target price reductions from several analysts, with Stifel Nicolaus lowering it from $30.00 to $28.00 while maintaining a "hold" rating.
  • Interested in Kraft Heinz? Here are five stocks we like better.

Wilmington Savings Fund Society FSB raised its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 49.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,075 shares of the company's stock after acquiring an additional 36,006 shares during the period. Wilmington Savings Fund Society FSB's holdings in Kraft Heinz were worth $2,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Kraft Heinz by 12.7% during the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company's stock valued at $3,103,277,000 after acquiring an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Kraft Heinz by 22.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company's stock valued at $318,933,000 after acquiring an additional 1,895,722 shares during the period. Bank of New York Mellon Corp grew its position in Kraft Heinz by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company's stock valued at $248,665,000 after acquiring an additional 103,548 shares during the period. Pacer Advisors Inc. boosted its position in shares of Kraft Heinz by 4,390.7% in the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after buying an additional 7,278,295 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Kraft Heinz by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company's stock worth $209,201,000 after buying an additional 350,067 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz 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 sale, the director owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by insiders.

Analyst Ratings Changes

KHC has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Kraft Heinz from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Monday. Wells Fargo & Company decreased their target price 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 reaffirmed a "sell (d)" rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Finally, Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of "Reduce" and a consensus target price of $29.06.

Get Our Latest Stock Report on KHC

Kraft Heinz Trading Down 1.0%

NASDAQ:KHC opened at $25.19 on Thursday. 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 Company has a one year low of $24.80 and a one year high of $36.31. The business's 50-day simple moving average is $26.63 and its 200 day simple moving average is $27.33. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of -5.61, a price-to-earnings-growth ratio of 2.98 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $6.39 billion for the quarter. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company 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 annualized dividend and a yield of 6.4%. Kraft Heinz's dividend payout ratio is presently -35.63%.

About Kraft Heinz

(Free Report)

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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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