70,000 Shares in Kraft Heinz Company $KHC Acquired by RBF Capital LLC

RBF Capital LLC acquired a new stake in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $1,807,000.

A number of other hedge funds also recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Kraft Heinz in the second quarter valued at $39,000. Banque Transatlantique SA acquired a new position in shares of Kraft Heinz in the first quarter worth about $40,000. Hilltop National Bank purchased a new position in Kraft Heinz in the second quarter valued at about $41,000. MV Capital Management Inc. increased its holdings in Kraft Heinz by 300.7% during the 2nd quarter. MV Capital Management Inc. now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Pinney & Scofield Inc. increased its holdings in Kraft Heinz by 48.2% during the 2nd quarter. Pinney & Scofield Inc. now owns 1,851 shares of the company’s stock worth $48,000 after purchasing an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. HSBC reduced their price objective on shares of Kraft Heinz from $29.00 to $27.00 in a research note on Thursday, October 30th. Morgan Stanley cut their price objective on Kraft Heinz from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group decreased their target price on Kraft Heinz from $30.00 to $27.00 in a research report on Thursday, October 30th. Mizuho dropped their price target on Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Finally, Evercore ISI reduced their price objective on Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. 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 company’s stock. According to MarketBeat.com, Kraft Heinz has an average rating of “Reduce” and an average price target of $26.58.

Kraft Heinz Trading Down 1.1%

NASDAQ:KHC opened at $24.23 on Wednesday. The firm has a market capitalization of $28.68 billion, a P/E ratio of -6.50 and a beta of 0.09. The business has a 50 day simple moving average of $25.05 and a 200 day simple moving average of $26.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. Kraft Heinz Company has a 12-month low of $23.70 and a 12-month high of $33.35.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The company 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%. Equities research analysts predict that Kraft Heinz Company will post 2.68 EPS 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 paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.60 annualized dividend and a yield of 6.6%. Kraft Heinz’s payout ratio is presently -42.90%.

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.