Kraft Heinz Co (NASDAQ:KHC) Shares Acquired by Moneta Group Investment Advisors LLC

Moneta Group Investment Advisors LLC grew its stake in Kraft Heinz Co (NASDAQ:KHC) by 362.4% during the second quarter, HoldingsChannel.com reports. The firm owned 37,525 shares of the company’s stock after purchasing an additional 29,409 shares during the period. Moneta Group Investment Advisors LLC’s holdings in Kraft Heinz were worth $129,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KHC. Magellan Asset Management Ltd grew its position in shares of Kraft Heinz by 12.2% during the 1st quarter. Magellan Asset Management Ltd now owns 37,093,237 shares of the company’s stock valued at $1,211,094,000 after buying an additional 4,046,115 shares during the last quarter. RWWM Inc. grew its position in shares of Kraft Heinz by 435.8% during the 2nd quarter. RWWM Inc. now owns 1,243,405 shares of the company’s stock valued at $38,634,000 after buying an additional 1,011,360 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kraft Heinz by 12.7% during the 4th quarter. Geode Capital Management LLC now owns 8,516,204 shares of the company’s stock valued at $366,004,000 after buying an additional 957,359 shares during the last quarter. Apertura Capital LLC grew its position in shares of Kraft Heinz by 357.1% during the 1st quarter. Apertura Capital LLC now owns 800,000 shares of the company’s stock valued at $26,120,000 after buying an additional 625,000 shares during the last quarter. Finally, CORDA Investment Management LLC. grew its position in shares of Kraft Heinz by 179.5% during the 2nd quarter. CORDA Investment Management LLC. now owns 939,404 shares of the company’s stock valued at $29,159,000 after buying an additional 603,259 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

A number of equities research analysts recently weighed in on KHC shares. Credit Suisse Group set a $26.00 price objective on shares of Kraft Heinz and gave the company a “sell” rating in a research report on Friday, August 9th. Barclays set a $30.00 price objective on shares of Kraft Heinz and gave the company a “hold” rating in a research report on Friday, August 9th. Morgan Stanley lowered their price objective on shares of Kraft Heinz from $32.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 3rd. BMO Capital Markets decreased their target price on shares of Kraft Heinz from $40.00 to $33.00 and set a “market perform” rating for the company in a research report on Monday, August 12th. Finally, Evercore ISI began coverage on shares of Kraft Heinz in a research report on Tuesday, June 11th. They issued an “in-line” rating and a $32.00 target price for the company. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $36.05.



Shares of NASDAQ:KHC traded down $0.21 during trading on Thursday, reaching $29.07. The company had a trading volume of 274,171 shares, compared to its average volume of 10,101,144. The firm’s fifty day moving average is $27.81 and its 200 day moving average is $30.73. The firm has a market capitalization of $35.61 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 2.34 and a beta of 0.77. Kraft Heinz Co has a twelve month low of $24.86 and a twelve month high of $59.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.18.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.07 billion. Kraft Heinz had a negative net margin of 43.40% and a positive return on equity of 6.06%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS. Equities analysts predict that Kraft Heinz Co will post 2.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Tuesday, August 20th. Kraft Heinz’s dividend payout ratio is currently 45.33%.

Kraft Heinz 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.

Featured Story: Do closed-end mutual funds pay dividends?

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kraft Heinz Co (NASDAQ:KHC).

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.