Menard Financial Group LLC Has $280,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Menard Financial Group LLC increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 26.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,692 shares of the company’s stock after purchasing an additional 1,806 shares during the quarter. Menard Financial Group LLC’s holdings in Kraft Heinz were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KHC. Principal Securities Inc. acquired a new position in Kraft Heinz during the 4th quarter worth approximately $110,000. Dimensional Fund Advisors LP grew its holdings in Kraft Heinz by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock worth $113,960,000 after acquiring an additional 474,758 shares during the last quarter. Fiera Capital Corp bought a new stake in Kraft Heinz during the 4th quarter worth approximately $706,000. Panagora Asset Management Inc. grew its holdings in Kraft Heinz by 8.3% during the 4th quarter. Panagora Asset Management Inc. now owns 70,965 shares of the company’s stock worth $2,624,000 after acquiring an additional 5,460 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in Kraft Heinz by 23.4% during the 4th quarter. Great Lakes Advisors LLC now owns 128,440 shares of the company’s stock worth $4,750,000 after acquiring an additional 24,360 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 1.1 %

Shares of NASDAQ KHC opened at $35.59 on Monday. The firm has a market cap of $43.03 billion, a PE ratio of 15.54, a P/E/G ratio of 3.43 and a beta of 0.49. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The company’s fifty day simple moving average is $34.49 and its 200 day simple moving average is $35.04. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The business had revenue of $6.50 billion for 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%. Kraft Heinz’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.50%. Kraft Heinz’s payout ratio is 69.87%.

Insiders Place Their Bets

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now owns 143,970 shares in the company, valued at $5,182,920. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KHC. Barclays boosted their target price on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of Kraft Heinz in a report on Monday, August 12th. They set a “sell” rating and a $34.00 target price on the stock. Bank of America reduced their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.50.

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.