10,947 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,947 shares of the company’s stock, valued at approximately $384,000.

A number of other large investors have also added to or reduced their stakes in KHC. Capital World Investors raised its holdings in Kraft Heinz by 83.4% in the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock worth $321,388,000 after purchasing an additional 3,961,872 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after acquiring an additional 1,778,263 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Kraft Heinz by 346.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock valued at $57,799,000 after acquiring an additional 1,179,863 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Kraft Heinz by 56.7% during the first quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after acquiring an additional 1,027,636 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Kraft Heinz by 260.8% during the second quarter. Marshall Wace LLP now owns 1,169,657 shares of the company’s stock valued at $37,686,000 after acquiring an additional 845,490 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Cory Onell sold 4,076 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now owns 143,970 shares in the company, valued at $5,182,920. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Up 0.4 %

Kraft Heinz stock opened at $35.64 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $31.08 and a 12 month high of $38.96. The stock’s 50 day simple moving average is $35.25 and its two-hundred day simple moving average is $34.92. The firm has a market cap of $43.28 billion, a PE ratio of 15.56, a P/E/G ratio of 3.39 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.49%. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Evercore ISI cut their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 target price on the stock. Barclays upped their target price on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Citigroup dropped their target price on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.55.

About Kraft Heinz

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.