Meeder Advisory Services Inc. Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Meeder Advisory Services Inc. grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 31.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,071 shares of the company’s stock after buying an additional 2,179 shares during the period. Meeder Advisory Services Inc.’s holdings in Kraft Heinz were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Welch Group LLC boosted its holdings in Kraft Heinz by 1.9% in the first quarter. Welch Group LLC now owns 14,868 shares of the company’s stock valued at $549,000 after purchasing an additional 272 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Kraft Heinz by 13.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock valued at $89,000 after buying an additional 282 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of Kraft Heinz by 2.4% in the 4th quarter. Integrated Advisors Network LLC now owns 12,881 shares of the company’s stock valued at $476,000 after buying an additional 301 shares during the last quarter. HB Wealth Management LLC raised its stake in Kraft Heinz by 2.5% during the 2nd quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock worth $419,000 after acquiring an additional 314 shares in the last quarter. Finally, Lorne Steinberg Wealth Management Inc. lifted its position in Kraft Heinz by 0.3% in the first quarter. Lorne Steinberg Wealth Management Inc. now owns 109,600 shares of the company’s stock valued at $4,044,000 after acquiring an additional 335 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KHC has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Kraft Heinz in a research report on Monday, August 12th. They set a “sell” rating and a $34.00 target price on the stock. Bank of America cut their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Barclays increased their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Evercore ISI dropped 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $37.50.

Kraft Heinz Stock Up 1.1 %

KHC stock opened at $35.59 on Monday. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. 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 company has a fifty day moving average of $34.49 and a 200-day moving average of $35.04. The stock has a market capitalization 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.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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 return on equity of 7.38% and a net margin of 7.30%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.50%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s payout ratio is 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.