Kraft Heinz Company $KHC Shares Sold by Creative Planning

Creative Planning reduced its position in Kraft Heinz Company (NASDAQ:KHC) by 18.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,230 shares of the company’s stock after selling 25,002 shares during the quarter. Creative Planning’s holdings in Kraft Heinz were worth $2,924,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Kraft Heinz by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 211,897 shares of the company’s stock valued at $5,471,000 after acquiring an additional 12,403 shares in the last quarter. Empower Advisory Group LLC increased its stake in Kraft Heinz by 8.0% during the second quarter. Empower Advisory Group LLC now owns 2,429,436 shares of the company’s stock valued at $62,728,000 after purchasing an additional 180,578 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in Kraft Heinz by 38.2% during the second quarter. Foundations Investment Advisors LLC now owns 27,618 shares of the company’s stock valued at $713,000 after purchasing an additional 7,630 shares during the last quarter. Ignite Planners LLC raised its holdings in shares of Kraft Heinz by 16.5% during the second quarter. Ignite Planners LLC now owns 21,695 shares of the company’s stock worth $604,000 after purchasing an additional 3,068 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Kraft Heinz by 6.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 314,109 shares of the company’s stock worth $8,110,000 after buying an additional 17,983 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Sanford C. Bernstein dropped their price target on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 28th. UBS Group cut their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research downgraded Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $26.58.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $25.29 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $25.30 and a 200-day simple moving average of $26.46. The company has a market cap of $29.93 billion, a PE ratio of -6.78, a P/E/G ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a 12-month low of $23.70 and a 12-month high of $33.35.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The firm had revenue of $6.39 billion for the quarter. On average, equities research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, November 28th. Kraft Heinz’s payout ratio is currently -42.90%.

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.