The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,439 shares of the company’s stock after purchasing an additional 4,367 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Kraft Heinz were worth $2,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KHC. Steward Partners Investment Solutions LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Kraft Heinz in the first quarter worth $27,000. Asset Dedication LLC increased its stake in shares of Kraft Heinz by 94.8% in the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after acquiring an additional 476 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of Kraft Heinz in the second quarter worth $34,000. Finally, Valley Wealth Managers Inc. increased its stake in shares of Kraft Heinz by 46.4% in the second quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock worth $35,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling

In related news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were 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 $5,182,920. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on KHC shares. Bank of America cut 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. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of Kraft Heinz in a report on Monday, August 12th. They set a “sell” rating and a $34.00 price target on the stock. Evercore ISI lowered their price target on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $37.50.

Kraft Heinz Stock Performance

KHC opened at $34.96 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The company has a market cap of $42.45 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 3.43 and a beta of 0.49. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $38.96. The firm’s fifty day simple moving average is $34.80 and its two-hundred day simple moving average is $35.05.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s dividend payout ratio 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.