The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 260.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169,657 shares of the company’s stock after purchasing an additional 845,490 shares during the quarter. Marshall Wace LLP owned 0.10% of Kraft Heinz worth $37,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Steward Partners Investment Solutions LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new stake in Kraft Heinz during the 1st quarter worth approximately $27,000. Asset Dedication LLC raised its position in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $38,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Kraft Heinz during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity

In related news, insider Cory Onell sold 4,076 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KHC. Wells Fargo & Company upped their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Citigroup reduced their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Piper Sandler decreased their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays lifted their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Kraft Heinz has an average rating of “Hold” and an average price target of $37.45.

Kraft Heinz Stock Down 0.5 %

Kraft Heinz stock opened at $34.52 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 Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a 50-day simple moving average of $34.88 and a 200-day simple moving average of $35.04. The firm has a market capitalization of $41.74 billion, a P/E ratio of 15.07, a P/E/G ratio of 3.39 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion for 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%. Kraft Heinz’s revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. As a group, equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.63%. Kraft Heinz’s payout ratio is 69.87%.

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.