The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,972,986 shares of the company’s stock after selling 128,113 shares during the quarter. Newport Trust Company LLC owned 0.24% of Kraft Heinz worth $95,790,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KHC. Level Four Advisory Services LLC grew its holdings in Kraft Heinz by 21.6% during the 4th quarter. Level Four Advisory Services LLC now owns 8,802 shares of the company’s stock worth $325,000 after acquiring an additional 1,562 shares in the last quarter. Norges Bank acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $13,417,000. PNC Financial Services Group Inc. grew its position in shares of Kraft Heinz by 3.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 210,297 shares of the company’s stock worth $7,777,000 after acquiring an additional 6,135 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Kraft Heinz by 4.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 13,888 shares of the company’s stock worth $514,000 after purchasing an additional 586 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd grew its holdings in Kraft Heinz by 74.2% in the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 117,382 shares of the company’s stock worth $4,341,000 after buying an additional 50,000 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the stock in a transaction that occurred 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 sale, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Kraft Heinz in a research note on Monday, August 12th. They set a “sell” rating and a $34.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Bank of America cut their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays increased their target price 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and an average target price of $37.50.

Kraft Heinz Trading Down 0.4 %

NASDAQ KHC opened at $34.99 on Friday. The firm’s 50 day moving average price is $34.74 and its two-hundred day moving average price is $35.05. 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 Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The stock has a market cap of $42.49 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 3.43 and a beta of 0.49.

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

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

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.