Mercer Global Advisors Inc. ADV Has $1.92 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Mercer Global Advisors Inc. ADV grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,555 shares of the company’s stock after purchasing an additional 3,583 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Kraft Heinz were worth $1,919,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KHC. Shell Asset Management Co. raised its position in shares of Kraft Heinz by 251.3% during the fourth quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock valued at $1,251,000 after buying an additional 24,199 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Kraft Heinz by 120.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock worth $5,079,000 after acquiring an additional 75,149 shares during the period. Bridgewater Associates LP grew its holdings in shares of Kraft Heinz by 7.7% during the 4th quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after purchasing an additional 118,260 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Kraft Heinz by 13.2% during the first quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock valued at $74,053,000 after purchasing an additional 234,783 shares during the period. Finally, GLOBALT Investments LLC GA acquired a new position in shares of Kraft Heinz in the fourth quarter valued at $7,743,000. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $34.68 on Tuesday. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The business has a fifty day moving average of $34.85 and a 200-day moving average of $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 $42.11 billion, a PE ratio of 15.14, a price-to-earnings-growth 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. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the business posted $0.79 earnings per share. Kraft Heinz’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.61%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s dividend payout ratio is 69.87%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America decreased their price target 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. The Goldman Sachs Group assumed coverage on shares of Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 price target for the company. Wells Fargo & Company lifted 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. Deutsche Bank Aktiengesellschaft dropped their target price on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Citigroup decreased their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $37.45.

Kraft Heinz 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.