Kraft Heinz Company $KHC Shares Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 72.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,330 shares of the company’s stock after purchasing an additional 16,080 shares during the quarter. Praxis Investment Management Inc.’s holdings in Kraft Heinz were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Kraft Heinz during the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz during the 1st quarter valued at about $33,000. Investment Management Corp VA ADV increased its stake in shares of Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after acquiring an additional 669 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Kraft Heinz during the 1st quarter valued at about $40,000. Finally, Hilltop National Bank acquired a new position in shares of Kraft Heinz during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KHC shares. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $28.65.

Kraft Heinz Stock Up 1.6%

NASDAQ KHC opened at $25.52 on Friday. The stock has a market cap of $30.21 billion, a PE ratio of -5.68, a P/E/G ratio of 2.94 and a beta of 0.16. Kraft Heinz Company has a fifty-two week low of $24.80 and a fifty-two week high of $36.31. The business has a 50 day moving average price of $26.54 and a two-hundred day moving average price of $27.26. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $6.39 billion during the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. As a group, sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Kraft Heinz Company Profile

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.