Bryn Mawr Trust Advisors LLC Buys 34,120 Shares of Kraft Heinz Company $KHC

Bryn Mawr Trust Advisors LLC lifted its stake in Kraft Heinz Company (NASDAQ:KHC) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,500 shares of the company’s stock after buying an additional 34,120 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Kraft Heinz were worth $7,630,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. World Investment Advisors lifted its holdings in shares of Kraft Heinz by 3.8% during the first quarter. World Investment Advisors now owns 14,857 shares of the company’s stock valued at $452,000 after acquiring an additional 546 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Kraft Heinz by 17.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,363,192 shares of the company’s stock worth $41,482,000 after purchasing an additional 204,054 shares in the last quarter. Financial Counselors Inc. lifted its holdings in Kraft Heinz by 41.1% during the 1st quarter. Financial Counselors Inc. now owns 13,363 shares of the company’s stock valued at $407,000 after purchasing an additional 3,892 shares during the last quarter. Personal CFO Solutions LLC boosted its position in Kraft Heinz by 13.1% in the first quarter. Personal CFO Solutions LLC now owns 11,824 shares of the company’s stock valued at $360,000 after buying an additional 1,368 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Kraft Heinz by 11.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 500,088 shares of the company’s stock worth $15,169,000 after buying an additional 49,975 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 1.7%

Shares of KHC opened at $23.72 on Friday. The business’s fifty day moving average price is $25.77 and its two-hundred day moving average price is $26.83. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of -6.36, a PEG ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a 52 week low of $23.70 and a 52 week high of $33.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The company had revenue of $6.39 billion during the quarter. On average, analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.7%. Kraft Heinz’s dividend payout ratio is presently -42.90%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KHC shares. Sanford C. Bernstein cut their target price on shares of Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating for the company in a research note on Tuesday, October 28th. TD Cowen cut their price objective on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Barclays reduced their price objective on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average price target of $26.58.

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.