Dimensional Fund Advisors LP Purchases 1,778,263 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Dimensional Fund Advisors LP grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 47.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,536,214 shares of the company’s stock after acquiring an additional 1,778,263 shares during the quarter. Dimensional Fund Advisors LP owned 0.46% of Kraft Heinz worth $178,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $13,417,000. PNC Financial Services Group Inc. increased its position in shares of Kraft Heinz by 3.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 210,297 shares of the company’s stock valued at $7,777,000 after purchasing an additional 6,135 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Kraft Heinz by 4.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 13,888 shares of the company’s stock valued at $514,000 after purchasing an additional 586 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of Kraft Heinz by 7.8% during the 4th quarter. Hohimer Wealth Management LLC now owns 24,844 shares of the company’s stock valued at $919,000 after purchasing an additional 1,790 shares during the last quarter. Finally, TCW Group Inc. bought a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $1,098,000. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In related news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now directly owns 143,970 shares in the company, valued at approximately $5,182,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Kraft Heinz in a report on Monday, August 12th. They set a “sell” rating and a $34.00 price objective for the company. Bank of America dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company boosted their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Barclays boosted their price objective on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.50.

Kraft Heinz Price Performance

Shares of KHC stock opened at $34.96 on Friday. 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 capitalization of $42.45 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 3.43 and a beta of 0.49. The stock has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $35.05. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) 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.