SPC Financial Inc. Has $486,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

SPC Financial Inc. raised its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.3% during the third quarter, Holdings Channel reports. The firm owned 13,835 shares of the company’s stock after buying an additional 825 shares during the period. SPC Financial Inc.’s holdings in Kraft Heinz were worth $486,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital World Investors lifted its position in shares of Kraft Heinz by 83.4% during the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock worth $321,388,000 after buying an additional 3,961,872 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after acquiring an additional 1,778,263 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kraft Heinz by 346.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock valued at $57,799,000 after purchasing an additional 1,179,863 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Kraft Heinz by 56.7% in the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock worth $104,929,000 after purchasing an additional 1,027,636 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Kraft Heinz by 260.8% during the 2nd quarter. Marshall Wace LLP now owns 1,169,657 shares of the company’s stock worth $37,686,000 after purchasing an additional 845,490 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $35.95 on Friday. The company has a market cap of $43.65 billion, a PE ratio of 15.70, a PEG ratio of 3.39 and a beta of 0.49. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1 year low of $31.08 and a 1 year high of $38.96. The company’s 50-day moving average is $35.18 and its two-hundred day moving average is $34.99.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. Equities analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a $0.40 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a yield of 4.45%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Insiders Place Their Bets

In other news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 143,970 shares of the company’s stock, valued at $5,182,920. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Bank of America cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Citigroup decreased their target price on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group initiated coverage on Kraft Heinz in a report on Monday, August 12th. They issued a “sell” rating and a $34.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.55.

Kraft Heinz 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.