Global Retirement Partners LLC Makes New Investment in Kraft Heinz Company $KHC

Global Retirement Partners LLC purchased a new stake in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,091 shares of the company’s stock, valued at approximately $338,000.

Several other large investors have also recently made changes to their positions in the stock. STF Management LP raised its position in Kraft Heinz by 2.1% in the second quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after purchasing an additional 374 shares during the period. Rathbones Group PLC grew its stake in shares of Kraft Heinz by 0.8% in the first quarter. Rathbones Group PLC now owns 56,798 shares of the company’s stock valued at $1,728,000 after buying an additional 442 shares in the last quarter. Bill Few Associates Inc. raised its holdings in shares of Kraft Heinz by 0.6% in the 2nd quarter. Bill Few Associates Inc. now owns 88,026 shares of the company’s stock valued at $2,273,000 after buying an additional 516 shares during the period. Sittner & Nelson LLC lifted its stake in Kraft Heinz by 11.0% during the 2nd quarter. Sittner & Nelson LLC now owns 5,550 shares of the company’s stock worth $143,000 after acquiring an additional 550 shares in the last quarter. Finally, Pinney & Scofield Inc. lifted its stake in Kraft Heinz by 48.2% during the 2nd quarter. Pinney & Scofield Inc. now owns 1,851 shares of the company’s stock worth $48,000 after acquiring an additional 602 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent research reports. Zacks Research lowered shares of Kraft Heinz from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. JPMorgan Chase & Co. dropped their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Sanford C. Bernstein reduced their target price on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a report on Tuesday, October 28th. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Finally, Stifel Nicolaus cut their price objective on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $26.58.

Kraft Heinz Trading Down 1.0%

NASDAQ:KHC opened at $25.34 on Monday. Kraft Heinz Company has a 1 year low of $23.70 and a 1 year high of $33.35. The stock has a market cap of $29.99 billion, a P/E ratio of -6.79, a P/E/G ratio of 2.88 and a beta of 0.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The stock has a 50-day simple moving average of $25.25 and a 200-day simple moving average of $26.38.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 28th. Kraft Heinz’s dividend payout ratio (DPR) is -42.90%.

Kraft Heinz Company Profile

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.