Pennsylvania Trust Co Has $268,000 Position in Kraft Heinz Co (NASDAQ:KHC)

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Pennsylvania Trust Co lowered its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 17.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 9,570 shares of the company’s stock after selling 1,980 shares during the period. Pennsylvania Trust Co’s holdings in Kraft Heinz were worth $268,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KHC. Cerebellum GP LLC raised its holdings in Kraft Heinz by 25.0% in the third quarter. Cerebellum GP LLC now owns 14,258 shares of the company’s stock worth $398,000 after purchasing an additional 2,856 shares during the period. Foundations Investment Advisors LLC increased its position in shares of Kraft Heinz by 17.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 40,149 shares of the company’s stock valued at $1,066,000 after purchasing an additional 5,875 shares during the last quarter. Meyer Handelman Co. increased its position in shares of Kraft Heinz by 17.7% during the 3rd quarter. Meyer Handelman Co. now owns 165,878 shares of the company’s stock valued at $4,634,000 after purchasing an additional 25,000 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Kraft Heinz by 81.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 217,394 shares of the company’s stock valued at $6,071,000 after purchasing an additional 97,423 shares during the last quarter. Finally, Thomasville National Bank increased its position in shares of Kraft Heinz by 2.8% during the 3rd quarter. Thomasville National Bank now owns 36,924 shares of the company’s stock valued at $1,031,000 after purchasing an additional 1,022 shares during the last quarter. 56.46% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jorge P. Lemann acquired 3,496,503 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $28.60 per share, with a total value of $99,999,985.80. Following the purchase, the director now directly owns 3,516,449 shares of the company’s stock, valued at approximately $100,570,441.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.44, for a total value of $712,952,605.08. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Several equities research analysts have recently commented on KHC shares. Bank of America set a $32.00 price target on shares of Kraft Heinz and gave the company a “neutral” rating in a research report on Friday, August 9th. Barclays set a $30.00 price target on Kraft Heinz and gave the stock a “hold” rating in a research note on Friday, August 9th. Piper Jaffray Companies set a $26.00 price target on Kraft Heinz and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Wells Fargo & Co restated a “hold” rating on shares of Kraft Heinz in a research note on Tuesday, September 3rd. Finally, UBS Group set a $30.00 price target on Kraft Heinz and gave the stock a “hold” rating in a research note on Friday, August 9th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $36.05.

KHC stock opened at $27.08 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $27.14 and its two-hundred day simple moving average is $30.03. Kraft Heinz Co has a twelve month low of $24.86 and a twelve month high of $58.08. The firm has a market cap of $32.61 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 2.24 and a beta of 0.77.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.07 billion. Kraft Heinz had a positive return on equity of 6.06% and a negative net margin of 43.40%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. Research analysts expect that Kraft Heinz Co will post 2.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Tuesday, August 20th. Kraft Heinz’s dividend payout ratio (DPR) is 45.33%.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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