Caxton Associates LP acquired a new position in The Kraft Heinz Company (NASDAQ:KHC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,517 shares of the company’s stock, valued at approximately $371,000.
Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Shell Asset Management Co. lifted its holdings in Kraft Heinz by 251.3% in the 4th quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock worth $1,251,000 after purchasing an additional 24,199 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Kraft Heinz by 120.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock worth $5,079,000 after buying an additional 75,149 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Kraft Heinz by 7.7% during the fourth quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after acquiring an additional 118,260 shares during the last quarter. Lazard Asset Management LLC grew its stake in 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 acquiring an additional 234,783 shares in the last quarter. Finally, GLOBALT Investments LLC GA bought a new stake in Kraft Heinz in the 4th quarter valued at $7,743,000. 78.17% of the stock is currently owned by institutional investors.
Insider Transactions at Kraft Heinz
In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $5,182,920. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on KHC
Kraft Heinz Price Performance
Kraft Heinz stock opened at $35.37 on Friday. The firm has a market capitalization of $42.95 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.49. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The firm has a 50-day moving average price of $34.92 and a 200-day moving average price of $35.04. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its earnings results 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 analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The company’s quarterly revenue 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 EPS for the current year.
Kraft Heinz Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend was 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.
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