XTX Topco Ltd Makes New $606,000 Investment in Kraft Heinz Company $KHC

XTX Topco Ltd purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,473 shares of the company’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds have also modified their holdings of KHC. STF Management LP boosted its holdings in Kraft Heinz by 2.1% in the second quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after purchasing an additional 374 shares in the last quarter. Rathbones Group PLC lifted its position in shares of Kraft Heinz by 0.8% in the first quarter. Rathbones Group PLC now owns 56,798 shares of the company’s stock worth $1,728,000 after buying an additional 442 shares during the last quarter. Bill Few Associates Inc. boosted its stake in shares of Kraft Heinz by 0.6% during the 2nd quarter. Bill Few Associates Inc. now owns 88,026 shares of the company’s stock worth $2,273,000 after acquiring an additional 516 shares in the last quarter. Sittner & Nelson LLC increased its holdings in shares of Kraft Heinz by 11.0% during the 2nd quarter. Sittner & Nelson LLC now owns 5,550 shares of the company’s stock valued at $143,000 after acquiring an additional 550 shares during the last quarter. Finally, Pinney & Scofield Inc. raised its stake in shares of Kraft Heinz by 48.2% in the 2nd quarter. Pinney & Scofield Inc. now owns 1,851 shares of the company’s stock valued at $48,000 after acquiring an additional 602 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KHC. Jefferies Financial Group lowered their price target on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. HSBC dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 in a report on Thursday, October 30th. TD Cowen decreased their price target on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Finally, Sanford C. Bernstein dropped their price objective on Kraft Heinz from $30.00 to $27.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $26.58.

Kraft Heinz Stock Up 0.3%

Shares of KHC opened at $25.03 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The company has a 50-day simple moving average of $25.16 and a 200-day simple moving average of $26.33. Kraft Heinz Company has a 52 week low of $23.70 and a 52 week high of $33.35. The firm has a market capitalization of $29.63 billion, a P/E ratio of -6.71 and a beta of 0.09.

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

Kraft Heinz Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders 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 dividend yield of 6.4%. Kraft Heinz’s payout ratio is currently -42.90%.

About Kraft Heinz

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.