Osaic Holdings Inc. Purchases 147,331 Shares of Kraft Heinz Company $KHC

Osaic Holdings Inc. grew its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 84.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,239 shares of the company’s stock after purchasing an additional 147,331 shares during the quarter. Osaic Holdings Inc.’s holdings in Kraft Heinz were worth $8,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KHC. STF Management LP grew its position in Kraft Heinz by 2.1% during the second quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after acquiring an additional 374 shares during the last quarter. Bill Few Associates Inc. lifted its holdings in shares of Kraft Heinz by 0.6% in the 2nd quarter. Bill Few Associates Inc. now owns 88,026 shares of the company’s stock worth $2,273,000 after acquiring an additional 516 shares during the last quarter. Silverlake Wealth Management LLC boosted its stake in shares of Kraft Heinz by 3.4% in the 2nd quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock valued at $414,000 after purchasing an additional 530 shares in the last quarter. Sittner & Nelson LLC grew its holdings in shares of Kraft Heinz by 11.0% during the 2nd quarter. Sittner & Nelson LLC now owns 5,550 shares of the company’s stock valued at $143,000 after purchasing an additional 550 shares during the last quarter. Finally, Pinney & Scofield Inc. raised its position in Kraft Heinz by 48.2% in the 2nd quarter. Pinney & Scofield Inc. now owns 1,851 shares of the company’s stock worth $48,000 after purchasing an additional 602 shares during the period. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. dropped their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Kraft Heinz in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $30.00 to $27.00 in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $26.63.

Kraft Heinz Price Performance

Shares of KHC stock opened at $24.51 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. Kraft Heinz Company has a fifty-two week low of $23.70 and a fifty-two week high of $33.35. The firm has a market cap of $29.01 billion, a P/E ratio of -6.57 and a beta of 0.09. The business’s 50 day moving average price is $24.89 and its 200-day moving average price is $26.13.

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

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. Kraft Heinz’s payout ratio is presently -42.90%.

Insider Transactions at Kraft Heinz

In related news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider directly owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by insiders.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.