Kraft Heinz Company $KHC Shares Acquired by Profund Advisors LLC

Profund Advisors LLC boosted its holdings in Kraft Heinz Company (NASDAQ:KHC) by 7.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,269 shares of the company’s stock after purchasing an additional 7,266 shares during the quarter. Profund Advisors LLC’s holdings in Kraft Heinz were worth $2,563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV boosted its holdings in shares of Kraft Heinz by 141.7% in 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. Mid American Wealth Advisory Group Inc. purchased a new stake in Kraft Heinz in the second quarter valued at $39,000. Banque Transatlantique SA acquired a new position in Kraft Heinz in the first quarter valued at $40,000. Hilltop National Bank purchased a new position in shares of Kraft Heinz during the second quarter worth about $41,000. Finally, Larson Financial Group LLC grew its holdings in shares of Kraft Heinz by 52.6% during the first quarter. Larson Financial Group LLC now owns 1,558 shares of the company’s stock worth $47,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KHC shares. Sanford C. Bernstein reduced their target price on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. Morgan Stanley reduced their price objective on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. DZ Bank raised Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Evercore ISI cut their target price on shares of Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Finally, Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $26.58.

Kraft Heinz Trading Up 0.4%

NASDAQ:KHC opened at $24.38 on Tuesday. Kraft Heinz Company has a 12-month low of $23.70 and a 12-month high of $33.35. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $25.63 and its 200-day simple moving average is $26.71. The firm has a market cap of $28.86 billion, a P/E ratio of -6.54, a PEG ratio of 2.88 and a beta of 0.16.

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

Kraft Heinz Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. Kraft Heinz’s payout ratio is presently -42.90%.

About Kraft Heinz

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.