Entropy Technologies LP Sells 186,969 Shares of Kraft Heinz Company $KHC

Entropy Technologies LP cut its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 73.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,019 shares of the company’s stock after selling 186,969 shares during the period. Entropy Technologies LP’s holdings in Kraft Heinz were worth $1,782,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 11,472,071 shares during the period. Pacer Advisors Inc. increased its holdings 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 acquiring an additional 7,278,295 shares during the period. Geode Capital Management LLC grew its stake in Kraft Heinz by 14.7% in the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock valued at $681,663,000 after purchasing an additional 3,392,470 shares during the last quarter. Nuveen LLC bought a new position in shares of Kraft Heinz during the 1st quarter worth approximately $61,110,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 worth $318,933,000 after purchasing an additional 1,895,722 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. UBS Group lowered their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. BNP Paribas Exane decreased their price objective on shares of Kraft Heinz from $29.00 to $26.00 in a research report on Thursday, October 30th. The Goldman Sachs Group reduced their target price on Kraft Heinz from $30.00 to $27.00 in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $26.58.

Kraft Heinz Stock Up 1.2%

Shares of NASDAQ:KHC opened at $25.29 on Friday. Kraft Heinz Company has a 12-month low of $23.70 and a 12-month high of $33.35. The company has a market capitalization of $29.93 billion, a price-to-earnings ratio of -6.78, a PEG ratio of 2.88 and a beta of 0.16. The business has a 50-day moving average price of $25.30 and a 200 day moving average price of $26.49. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. The firm had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is -42.90%.

Kraft Heinz Company 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.