Capital Group International Inc. CA Trims Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital Group International Inc. CA reduced its stake in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,010,586 shares of the company’s stock after selling 5,673 shares during the period. Capital Group International Inc. CA owned approximately 0.08% of Kraft Heinz worth $39,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KHC. Siemens Fonds Invest GmbH increased its stake in Kraft Heinz by 1.8% during the first quarter. Siemens Fonds Invest GmbH now owns 13,081 shares of the company’s stock worth $515,000 after purchasing an additional 233 shares during the period. Waldron Private Wealth LLC increased its stake in Kraft Heinz by 2.2% during the first quarter. Waldron Private Wealth LLC now owns 13,595 shares of the company’s stock worth $535,000 after purchasing an additional 293 shares during the period. SPC Financial Inc. increased its stake in Kraft Heinz by 4.0% during the first quarter. SPC Financial Inc. now owns 7,714 shares of the company’s stock worth $304,000 after purchasing an additional 300 shares during the period. Wealth Alliance Advisory Group LLC increased its stake in Kraft Heinz by 5.4% during the first quarter. Wealth Alliance Advisory Group LLC now owns 6,077 shares of the company’s stock worth $239,000 after purchasing an additional 311 shares during the period. Finally, Allworth Financial LP increased its stake in Kraft Heinz by 3.6% during the first quarter. Allworth Financial LP now owns 9,036 shares of the company’s stock worth $356,000 after purchasing an additional 312 shares during the period. 67.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KHC. Mizuho began coverage on Kraft Heinz in a research report on Monday, July 18th. They set a “buy” rating and a $48.00 price objective for the company. Stifel Nicolaus raised Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, July 28th. They noted that the move was a valuation call. The Goldman Sachs Group reissued an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. UBS Group downgraded Kraft Heinz from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $40.00 to $34.00 in a research report on Thursday, May 26th. Finally, BMO Capital Markets raised Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.44.

Kraft Heinz Stock Performance

Shares of KHC opened at $34.96 on Thursday. The company has a market capitalization of $42.84 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 2.74 and a beta of 0.70. The Kraft Heinz Company has a 52-week low of $32.78 and a 52-week high of $44.87. The stock has a 50 day moving average price of $37.90 and a 200 day moving average price of $38.97. The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHCGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.36 billion. Kraft Heinz had a return on equity of 6.82% and a net margin of 5.92%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. Research analysts predict that The Kraft Heinz Company will post 2.67 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Thursday, August 25th. Kraft Heinz’s payout ratio is currently 131.15%.

Insider Activity

In other news, CAO Lande Rashida La sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $38.36, for a total transaction of $1,150,800.00. Following the completion of the sale, the chief accounting officer now owns 223,062 shares in the company, valued at $8,556,658.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Lande Rashida La sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $38.36, for a total transaction of $1,150,800.00. Following the completion of the sale, the chief accounting officer now owns 223,062 shares in the company, valued at $8,556,658.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Vince Garlati sold 19,938 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $38.43, for a total value of $766,217.34. Following the sale, the vice president now owns 94,843 shares of the company’s stock, valued at approximately $3,644,816.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,438 shares of company stock valued at $2,044,977. 1.40% of the stock is currently owned by company insiders.

About Kraft Heinz

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The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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