Signaturefd LLC Has $360,000 Stock Holdings in Kraft Heinz Co (NASDAQ:KHC)

Signaturefd LLC boosted its position in Kraft Heinz Co (NASDAQ:KHC) by 39.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,588 shares of the company’s stock after purchasing an additional 3,256 shares during the period. Signaturefd LLC’s holdings in Kraft Heinz were worth $360,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Cutter & CO Brokerage Inc. acquired a new stake in Kraft Heinz during the second quarter worth approximately $517,000. Advisor Group Inc. increased its holdings in shares of Kraft Heinz by 9.9% during the second quarter. Advisor Group Inc. now owns 75,877 shares of the company’s stock worth $2,356,000 after purchasing an additional 6,850 shares during the period. AMG National Trust Bank increased its holdings in shares of Kraft Heinz by 3.9% during the second quarter. AMG National Trust Bank now owns 107,990 shares of the company’s stock worth $3,352,000 after purchasing an additional 4,012 shares during the period. P.A.W. Capital Corp increased its holdings in shares of Kraft Heinz by 100.0% during the second quarter. P.A.W. Capital Corp now owns 20,000 shares of the company’s stock worth $621,000 after purchasing an additional 10,000 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of Kraft Heinz by 38.8% during the second quarter. Aperio Group LLC now owns 538,709 shares of the company’s stock worth $16,721,000 after purchasing an additional 150,505 shares during the period. Institutional investors and hedge funds own 58.06% of the company’s stock.

KHC stock traded down $0.56 during midday trading on Wednesday, hitting $25.40. The stock had a trading volume of 349,599 shares, compared to its average volume of 10,368,635. The firm has a market cap of $32.33 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of 2.64 and a beta of 0.74. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a 1-year low of $25.74 and a 1-year high of $61.68. The company’s fifty day moving average price is $30.68.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.07 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. Kraft Heinz’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. Analysts predict that Kraft Heinz Co will post 2.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, August 20th. Kraft Heinz’s dividend payout ratio (DPR) is currently 45.33%.

Several research analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They set an “in-line” rating and a $32.00 target price on the stock. Wells Fargo & Co set a $29.00 target price on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Friday, August 9th. UBS Group set a $30.00 target price on shares of Kraft Heinz and gave the stock a “hold” rating in a report on Friday, August 9th. Piper Jaffray Companies raised shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 target price on the stock in a report on Friday, May 31st. Finally, Bank of America set a $32.00 target price on shares of Kraft Heinz and gave the stock a “neutral” rating in a report on Friday, August 9th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.45.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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