Cwm LLC Acquires 63,532 Shares of Kraft Heinz Company $KHC

Cwm LLC increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 9.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 749,575 shares of the company’s stock after acquiring an additional 63,532 shares during the period. Cwm LLC owned about 0.06% of Kraft Heinz worth $19,519,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KHC. Norges Bank bought a new stake in shares of Kraft Heinz during the second quarter worth $276,159,000. Geode Capital Management LLC increased its stake in Kraft Heinz by 14.7% in the 2nd quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after buying an additional 3,392,470 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Kraft Heinz by 22.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock valued at $318,933,000 after buying an additional 1,895,722 shares in the last quarter. Marshall Wace LLP boosted its position in Kraft Heinz by 1,645.9% in the 2nd quarter. Marshall Wace LLP now owns 1,880,281 shares of the company’s stock valued at $48,549,000 after buying an additional 1,772,581 shares during the period. Finally, Fairfax Financial Holdings Ltd. Can boosted its position in Kraft Heinz by 45.4% in the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock valued at $126,056,000 after buying an additional 1,525,000 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In related news, insider Miguel Patricio sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total transaction of $3,102,500.00. Following the completion of the sale, the insider 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 legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by insiders.

Kraft Heinz Trading Up 0.5%

KHC opened at $24.13 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market cap of $28.56 billion, a price-to-earnings ratio of -6.47 and a beta of 0.09. Kraft Heinz Company has a 12 month low of $23.60 and a 12 month high of $33.35. The stock has a fifty day moving average price of $24.76 and a 200-day moving average price of $26.05.

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

Kraft Heinz Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, November 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Friday, November 28th. Kraft Heinz’s payout ratio is -42.90%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research analyst reports. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Morgan Stanley reduced their price objective on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Piper Sandler upped their target price on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, December 15th. Sanford C. Bernstein cut their price target on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. Finally, TD Cowen lowered their price objective on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $26.63.

Kraft Heinz Company 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.