Koss Olinger Consulting LLC Sells 1,308 Shares of Kraft Heinz Company $KHC

Koss Olinger Consulting LLC lessened its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,138 shares of the company’s stock after selling 1,308 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Kraft Heinz were worth $1,656,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Banco Santander S.A. raised its holdings in shares of Kraft Heinz by 40.6% during the 2nd quarter. Banco Santander S.A. now owns 501,822 shares of the company’s stock valued at $12,957,000 after buying an additional 144,817 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Kraft Heinz by 722.9% during the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 84,726 shares of the company’s stock valued at $2,185,000 after buying an additional 74,430 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Kraft Heinz by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,500,773 shares of the company’s stock valued at $38,750,000 after buying an additional 137,581 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Kraft Heinz by 150.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 430,288 shares of the company’s stock valued at $11,110,000 after buying an additional 258,753 shares in the last quarter. Finally, Ingalls & Snyder LLC raised its holdings in shares of Kraft Heinz by 22.7% during the 2nd quarter. Ingalls & Snyder LLC now owns 392,620 shares of the company’s stock valued at $10,137,000 after buying an additional 72,545 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $25.25 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The business’s 50 day simple moving average is $26.33 and its two-hundred day simple moving average is $27.11. The stock has a market capitalization of $29.89 billion, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.16. Kraft Heinz Company has a one year low of $24.80 and a one year high of $35.17.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. Analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s payout ratio is -35.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on KHC shares. Morgan Stanley decreased their price objective on Kraft Heinz from $29.00 to $28.00 in a report on Thursday, October 16th. Stifel Nicolaus decreased their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Barclays decreased their price objective on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, October 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a report on Saturday. Finally, Jefferies Financial Group decreased their price objective on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $28.65.

Kraft Heinz 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.