Skandinaviska Enskilda Banken AB publ Has $5.71 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Skandinaviska Enskilda Banken AB publ increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,198 shares of the company’s stock after acquiring an additional 5,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Kraft Heinz were worth $5,709,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital World Investors grew its stake in shares of Kraft Heinz by 83.4% during the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock worth $321,388,000 after acquiring an additional 3,961,872 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Kraft Heinz by 346.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock worth $57,799,000 after buying an additional 1,179,863 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock worth $104,929,000 after buying an additional 1,027,636 shares during the last quarter. Finally, Poplar Forest Capital LLC acquired a new stake in shares of Kraft Heinz in the second quarter valued at about $26,353,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Trading Down 0.1 %

Shares of NASDAQ:KHC opened at $34.96 on Monday. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The business has a 50 day moving average of $34.80 and a 200-day moving average of $35.04. 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 stock has a market cap of $42.45 billion, a PE ratio of 15.27, a P/E/G ratio of 3.43 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS 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 firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the firm posted $0.79 EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Insider Transactions at Kraft Heinz

In related news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was 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 directly owns 143,970 shares in the company, valued at $5,182,920. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KHC. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Citigroup decreased their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Evercore ISI dropped their price target on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group started coverage on shares of Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 price objective for the company. Finally, Bank of America dropped their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.