Kraft Heinz Company $KHC Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 31.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,749,725 shares of the company's stock after purchasing an additional 1,369,747 shares during the quarter. First Trust Advisors LP owned about 0.49% of Kraft Heinz worth $148,458,000 as of its most recent SEC filing.

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Other large investors have also made changes to their positions in the company. Banque Transatlantique SA purchased a new position in Kraft Heinz during the first quarter worth approximately $40,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Kraft Heinz in the 2nd quarter worth $39,000. Hilltop National Bank purchased a new position in shares of Kraft Heinz during the 2nd quarter worth $41,000. MV Capital Management Inc. boosted its position in shares of Kraft Heinz by 300.7% during the 2nd quarter. MV Capital Management Inc. now owns 1,735 shares of the company's stock valued at $45,000 after acquiring an additional 1,302 shares during the last quarter. Finally, Pinney & Scofield Inc. grew its holdings in shares of Kraft Heinz by 48.2% in the second quarter. Pinney & Scofield Inc. now owns 1,851 shares of the company's stock valued at $48,000 after purchasing an additional 602 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of analyst reports. Zacks Research downgraded shares of Kraft Heinz from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 13th. Morgan Stanley reduced their price target on shares of Kraft Heinz from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 30th. Stifel Nicolaus lowered their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Sanford C. Bernstein reduced their target price on Kraft Heinz from $30.00 to $27.00 and set a "market perform" rating on the stock in a research report on Tuesday, October 28th. Finally, UBS Group cut their price objective on Kraft Heinz from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $26.58.

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Check Out Our Latest Stock Report on Kraft Heinz

Kraft Heinz Stock Performance

NASDAQ KHC opened at $24.59 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The company has a market cap of $29.11 billion, a P/E ratio of -6.59 and a beta of 0.09. The stock has a 50-day moving average of $25.14 and a two-hundred day moving average of $26.32. Kraft Heinz Company has a 1-year low of $23.70 and a 1-year high of $33.35.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The business had revenue of $6.39 billion during the quarter. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, November 28th. Kraft Heinz's dividend payout ratio (DPR) is presently -42.90%.

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.

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