DekaBank Deutsche Girozentrale Sells 27,762 Shares of The Kraft Heinz Company (NASDAQ:KHC)

DekaBank Deutsche Girozentrale reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,326 shares of the company’s stock after selling 27,762 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Kraft Heinz were worth $15,296,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KHC. Principal Securities Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $110,000. Dimensional Fund Advisors LP grew its stake in shares of Kraft Heinz by 18.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock valued at $113,960,000 after purchasing an additional 474,758 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $706,000. Panagora Asset Management Inc. grew its stake in shares of Kraft Heinz by 8.3% during the fourth quarter. Panagora Asset Management Inc. now owns 70,965 shares of the company’s stock valued at $2,624,000 after purchasing an additional 5,460 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its stake in shares of Kraft Heinz by 23.4% during the fourth quarter. Great Lakes Advisors LLC now owns 128,440 shares of the company’s stock valued at $4,750,000 after purchasing an additional 24,360 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Activity at Kraft Heinz

In related news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KHC shares. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Evercore ISI reduced their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Citigroup reduced their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Bank of America reduced their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays raised their price objective on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $37.50.

Kraft Heinz Trading Up 1.1 %

KHC opened at $35.59 on Monday. The firm’s fifty day moving average is $34.49 and its two-hundred day moving average is $35.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The firm has a market cap of $43.03 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $0.79 earnings per share. Equities research analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.87%.

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.