Kraft Heinz Company $KHC Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,186,926 shares of the company’s stock after acquiring an additional 175,346 shares during the period. Schroder Investment Management Group’s holdings in Kraft Heinz were worth $82,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KHC. Mid American Wealth Advisory Group Inc. purchased a new stake in Kraft Heinz during the second quarter worth about $39,000. Banque Transatlantique SA acquired a new position in shares of Kraft Heinz in the first quarter valued at approximately $40,000. Hilltop National Bank acquired a new position in shares of Kraft Heinz in the second quarter valued at approximately $41,000. MV Capital Management Inc. increased its stake in Kraft Heinz by 300.7% during the 2nd quarter. MV Capital Management Inc. now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,302 shares during the period. Finally, Pinney & Scofield Inc. lifted its holdings in Kraft Heinz by 48.2% during the 2nd quarter. Pinney & Scofield Inc. now owns 1,851 shares of the company’s stock worth $48,000 after buying an additional 602 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Sanford C. Bernstein cut their price objective 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. Stifel Nicolaus cut their price target on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. HSBC cut their target price on shares of Kraft Heinz from $29.00 to $27.00 in a research note on Thursday, October 30th. Finally, Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target of $26.58.

Kraft Heinz Trading Down 1.0%

KHC opened at $25.34 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. Kraft Heinz Company has a one year low of $23.70 and a one year high of $33.35. The company has a market cap of $29.99 billion, a P/E ratio of -6.79, a PEG ratio of 2.88 and a beta of 0.16. The business’s 50-day simple moving average is $25.25 and its 200-day simple moving average is $26.38.

Kraft Heinz (NASDAQ:KHC) last posted its 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 7.26% and a negative net margin of 17.35%. As a group, equities research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

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

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.