V Square Quantitative Management LLC Grows Position in The Kraft Heinz Company (NASDAQ:KHC)

V Square Quantitative Management LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 21.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,938 shares of the company’s stock after purchasing an additional 1,390 shares during the quarter. V Square Quantitative Management LLC’s holdings in Kraft Heinz were worth $279,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Kraft Heinz during the first quarter worth $27,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares in the last quarter. Asset Dedication LLC raised its stake in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after buying an additional 476 shares during the last quarter. Bangor Savings Bank purchased a new stake in shares of Kraft Heinz in the 3rd quarter worth about $32,000. Finally, Hantz Financial Services Inc. acquired a new stake in Kraft Heinz in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In other news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the transaction, the insider now directly owns 143,970 shares in the company, valued at $5,182,920. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Up 0.1 %

Shares of NASDAQ:KHC opened at $36.00 on Monday. 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 firm has a market cap of $43.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 3.39 and a beta of 0.49. The stock’s 50-day moving average price is $35.20 and its two-hundred day moving average price is $34.95. The Kraft Heinz Company has a 12-month low of $31.08 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its 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. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. On average, research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued 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 4.44%. Kraft Heinz’s payout ratio is 69.87%.

Analyst Ratings Changes

A number of brokerages have issued reports on KHC. Barclays lifted their target price on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their target price 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. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Kraft Heinz has an average rating of “Hold” and an average target price 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.