The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,361 shares of the company’s stock after selling 741 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Kraft Heinz were worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. Capital World Investors lifted its stake in Kraft Heinz by 83.4% in the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after buying an additional 3,961,872 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock worth $178,379,000 after acquiring an additional 1,778,263 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kraft Heinz by 346.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock valued at $57,799,000 after acquiring an additional 1,179,863 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 56.7% during the first quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after acquiring an additional 1,027,636 shares during the last quarter. Finally, Poplar Forest Capital LLC purchased a new stake in Kraft Heinz during the 2nd quarter worth about $26,353,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.

Kraft Heinz Trading Up 0.1 %

Shares of KHC stock opened at $35.63 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $38.96. The firm’s 50 day moving average price is $34.56 and its two-hundred day moving average price is $35.05. The stock has a market cap of $43.08 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. On average, analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Piper Sandler decreased their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Bank of America cut their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Evercore ISI decreased their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group initiated coverage on Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $37.50.

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.