Tdam USA Inc. Has $462,000 Stake in Kraft Heinz Co (NASDAQ:KHC)

Tdam USA Inc. decreased its stake in Kraft Heinz Co (NASDAQ:KHC) by 56.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,868 shares of the company’s stock after selling 19,100 shares during the period. Tdam USA Inc.’s holdings in Kraft Heinz were worth $462,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the first quarter worth about $27,000. Putnam FL Investment Management Co. bought a new position in shares of Kraft Heinz during the second quarter worth about $27,000. Zions Bancorporation N.A. grew its holdings in shares of Kraft Heinz by 303.4% during the second quarter. Zions Bancorporation N.A. now owns 960 shares of the company’s stock worth $30,000 after buying an additional 722 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Kraft Heinz during the second quarter worth about $31,000. Finally, Horrell Capital Management Inc. bought a new position in shares of Kraft Heinz during the second quarter worth about $31,000. 58.06% of the stock is currently owned by hedge funds and other institutional investors.

KHC stock traded down $0.50 during mid-day trading on Thursday, reaching $25.02. The company had a trading volume of 162,291 shares, compared to its average volume of 9,981,431. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.21 and a quick ratio of 0.85. The stock’s 50 day moving average is $30.58. The company has a market capitalization of $32.07 billion, a P/E ratio of 7.08, a price-to-earnings-growth ratio of 2.62 and a beta of 0.74. Kraft Heinz Co has a 52 week low of $25.19 and a 52 week high of $61.68.



Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.07 billion. Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. As a group, equities analysts expect that Kraft Heinz Co will post 2.73 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. The ex-dividend date is Tuesday, August 20th. This represents a $1.60 dividend on an annualized basis and a yield of 6.39%. Kraft Heinz’s dividend payout ratio is 45.33%.

A number of research analysts recently issued reports on KHC shares. BidaskClub downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America set a $32.00 price objective on Kraft Heinz and gave the stock a “neutral” rating in a report on Friday, August 9th. Guggenheim downgraded Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $29.00 to $25.00 in a report on Friday, August 9th. Morgan Stanley set a $32.00 price objective on Kraft Heinz and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Credit Suisse Group set a $26.00 price objective on Kraft Heinz and gave the stock a “sell” rating in a report on Friday, August 9th. Six research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target 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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