Evelyn Partners Investment Management LLP Has $388,000 Position in Kraft Heinz Company $KHC

Evelyn Partners Investment Management LLP raised its position in Kraft Heinz Company (NASDAQ:KHC) by 678.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,040 shares of the company’s stock after buying an additional 13,107 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Kraft Heinz were worth $388,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KHC. AXQ Capital LP acquired a new position in shares of Kraft Heinz during the second quarter worth $347,000. Franklin Resources Inc. raised its stake in shares of Kraft Heinz by 175.4% in the second quarter. Franklin Resources Inc. now owns 722,091 shares of the company’s stock worth $18,644,000 after purchasing an additional 459,924 shares during the last quarter. Archer Investment Corp lifted its position in shares of Kraft Heinz by 27.4% during the second quarter. Archer Investment Corp now owns 23,439 shares of the company’s stock valued at $605,000 after purchasing an additional 5,041 shares in the last quarter. DNB Asset Management AS grew its stake in Kraft Heinz by 3.9% in the 2nd quarter. DNB Asset Management AS now owns 224,913 shares of the company’s stock valued at $5,807,000 after purchasing an additional 8,532 shares during the period. Finally, Magnetar Financial LLC purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth approximately $342,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Zacks Research cut shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, October 15th. BNP Paribas Exane cut their target price on shares of Kraft Heinz from $29.00 to $26.00 in a research report on Thursday, October 30th. Finally, Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus target price of $26.58.

Kraft Heinz Trading Up 1.2%

NASDAQ KHC opened at $25.29 on Friday. The firm has a market cap of $29.93 billion, a PE ratio of -6.78, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $23.70 and a 1-year high of $33.35. The stock has a 50-day moving average of $25.30 and a 200-day moving average of $26.48. 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 announced 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 7.26% and a negative net margin of 17.35%.The business had revenue of $6.39 billion for the quarter. As a group, sell-side analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

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

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.