Dorsey & Whitney Trust CO LLC Has $338,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Dorsey & Whitney Trust CO LLC decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,491 shares of the company’s stock after selling 363 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Kraft Heinz were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. LGT Group Foundation boosted its stake in shares of Kraft Heinz by 16.6% during the 2nd quarter. LGT Group Foundation now owns 49,530 shares of the company’s stock worth $1,596,000 after acquiring an additional 7,056 shares in the last quarter. Choreo LLC boosted its position in Kraft Heinz by 155.5% during the second quarter. Choreo LLC now owns 35,283 shares of the company’s stock worth $1,125,000 after purchasing an additional 21,473 shares during the period. PFG Investments LLC grew its holdings in Kraft Heinz by 4.9% during the second quarter. PFG Investments LLC now owns 38,194 shares of the company’s stock valued at $1,231,000 after purchasing an additional 1,768 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of Kraft Heinz by 17.9% in the second quarter. Ashton Thomas Private Wealth LLC now owns 16,418 shares of the company’s stock valued at $529,000 after purchasing an additional 2,490 shares during the period. Finally, Oak Thistle LLC acquired a new stake in shares of Kraft Heinz in the second quarter worth $376,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on KHC. Piper Sandler lowered their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group began coverage on Kraft Heinz in a research note on Monday, August 12th. They set a “sell” rating and a $34.00 target price for the company. Barclays lifted their price target on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Bank of America lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $37.31.

Kraft Heinz Trading Down 1.0 %

Shares of KHC stock opened at $35.16 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The firm has a fifty day moving average of $34.36 and a 200-day moving average of $35.05. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $38.96. The stock has a market cap of $42.51 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 3.49 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 earnings per share. On average, equities research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s dividend payout ratio is 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction 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 completion of the transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at $5,182,920. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

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.