RWWM Inc. lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,619,716 shares of the company’s stock after acquiring an additional 24,038 shares during the period. The Kraft Heinz comprises about 13.7% of RWWM Inc.’s holdings, making the stock its 3rd biggest position. RWWM Inc.’s holdings in The Kraft Heinz were worth $106,832,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its position in The Kraft Heinz by 22.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 654,151 shares of the company’s stock worth $21,358,000 after acquiring an additional 121,281 shares during the last quarter. Sei Investments Co. grew its position in The Kraft Heinz by 39.6% during the 1st quarter. Sei Investments Co. now owns 81,333 shares of the company’s stock worth $3,091,000 after acquiring an additional 23,065 shares during the last quarter. E Fund Management Co. Ltd. bought a new stake in The Kraft Heinz during the 1st quarter worth $535,000. Panagora Asset Management Inc. grew its position in The Kraft Heinz by 8.5% during the 1st quarter. Panagora Asset Management Inc. now owns 63,910 shares of the company’s stock worth $2,556,000 after acquiring an additional 4,996 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in The Kraft Heinz by 34.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,751 shares of the company’s stock worth $150,000 after acquiring an additional 959 shares during the last quarter. 61.25% of the stock is owned by institutional investors.
Shares of The Kraft Heinz stock traded up $0.35 on Thursday, hitting $37.15. 99,815 shares of the company’s stock traded hands, compared to its average volume of 5,894,832. The Kraft Heinz Company has a one year low of $29.21 and a one year high of $44.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 0.87. The company has a fifty day moving average of $36.71 and a two-hundred day moving average of $39.68. The company has a market capitalization of $45.45 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.70 and a beta of 1.12.
The company also recently declared a quarterly dividend, which was paid on Friday, September 24th. Investors of record on Wednesday, September 1st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Tuesday, August 31st. The Kraft Heinz’s dividend payout ratio (DPR) is currently 55.56%.
A number of equities research analysts recently weighed in on the company. Piper Sandler reduced their price objective on The Kraft Heinz from $41.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, August 20th. Credit Suisse Group reduced their price objective on The Kraft Heinz from $38.00 to $33.00 and set an “underperform” rating on the stock in a research report on Thursday, August 5th. Zacks Investment Research lowered The Kraft Heinz from a “hold” rating to a “sell” rating and set a $43.00 price target on the stock. in a research report on Wednesday, June 30th. Finally, Morgan Stanley assumed coverage on The Kraft Heinz in a research report on Tuesday, September 21st. They issued a “hold” rating and a $37.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.90.
In other news, insider Marcos Eloi Lima sold 41,929 shares of the stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $36.44, for a total value of $1,527,892.76. Following the completion of the sale, the insider now directly owns 191,620 shares of the company’s stock, valued at $6,982,632.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
The Kraft Heinz Profile
The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015 and is headquartered in Pittsburgh, PA.
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