Xponance Inc. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,054 shares of the company’s stock after acquiring an additional 4,088 shares during the quarter. Xponance Inc.’s holdings in Kraft Heinz were worth $3,516,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in KHC. Price T Rowe Associates Inc. MD lifted its stake in Kraft Heinz by 1,835.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,527,499 shares of the company’s stock valued at $794,964,000 after buying an additional 18,518,584 shares during the period. BlackRock Inc. lifted its stake in Kraft Heinz by 10.4% in the first quarter. BlackRock Inc. now owns 76,422,467 shares of the company’s stock valued at $2,955,257,000 after buying an additional 7,196,843 shares during the period. Capital World Investors lifted its stake in Kraft Heinz by 96.5% in the first quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock valued at $524,360,000 after buying an additional 6,537,000 shares during the period. Norges Bank acquired a new position in Kraft Heinz in the fourth quarter valued at about $252,224,000. Finally, Empower Advisory Group LLC acquired a new position in Kraft Heinz in the first quarter valued at about $82,562,000. Institutional investors and hedge funds own 75.39% of the company’s stock.
Insider Activity
In other news, CAO Lande Rashida La sold 16,453 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $35.07, for a total value of $577,006.71. Following the completion of the sale, the chief accounting officer now directly owns 206,243 shares of the company’s stock, valued at $7,232,942.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.32% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on Kraft Heinz
Kraft Heinz Stock Down 1.0 %
KHC stock opened at $34.16 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $34.36 and a two-hundred day moving average price of $36.79. The company has a market cap of $41.96 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 2.54 and a beta of 0.68. The Kraft Heinz Company has a twelve month low of $32.42 and a twelve month high of $42.80.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.80 billion. Kraft Heinz had a return on equity of 7.45% and a net margin of 11.65%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. Analysts anticipate that The Kraft Heinz Company will post 2.89 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a $0.40 dividend. The ex-dividend date is Thursday, August 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.68%. Kraft Heinz’s payout ratio is 62.50%.
About Kraft Heinz
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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