Swiss National Bank Sells 117,400 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Swiss National Bank trimmed its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,571,242 shares of the company's stock after selling 117,400 shares during the period. Swiss National Bank owned about 0.21% of Kraft Heinz worth $94,879,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden boosted its holdings in Kraft Heinz by 43.4% in the 1st quarter. Forsta AP Fonden now owns 276,000 shares of the company's stock worth $10,184,000 after buying an additional 83,500 shares during the last quarter. Lipe & Dalton lifted its stake in Kraft Heinz by 1.0% in the 1st quarter. Lipe & Dalton now owns 156,919 shares of the company's stock worth $5,790,000 after purchasing an additional 1,613 shares in the last quarter. Aull & Monroe Investment Management Corp lifted its stake in Kraft Heinz by 9.7% in the 1st quarter. Aull & Monroe Investment Management Corp now owns 8,158 shares of the company's stock worth $301,000 after purchasing an additional 720 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Kraft Heinz by 19.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 98,802 shares of the company's stock worth $3,646,000 after purchasing an additional 15,964 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Kraft Heinz by 116.9% in the 1st quarter. Empowered Funds LLC now owns 48,881 shares of the company's stock worth $1,804,000 after purchasing an additional 26,344 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.7 %

NASDAQ KHC traded up $0.22 on Monday, reaching $32.29. The stock had a trading volume of 6,723,068 shares, compared to its average volume of 7,909,638. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 2.89 and a beta of 0.53. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The stock has a fifty day moving average price of $34.03 and a two-hundred day moving average price of $35.71.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were paid a $0.40 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.96%. Kraft Heinz's dividend payout ratio (DPR) is 69.87%.

Insiders Place Their Bets

In related news, insider Lande Rashida La sold 10,140 shares of the business's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research reports. 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 note on Thursday, June 20th. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $37.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Finally, Bank of America reduced their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a "buy" rating on the stock in a research report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.42.

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.