Northwestern Mutual Wealth Management Co. Purchases 2,076 Shares of Kraft Heinz Co (NASDAQ:KHC)

Northwestern Mutual Wealth Management Co. raised its holdings in Kraft Heinz Co (NASDAQ:KHC) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,588 shares of the company’s stock after acquiring an additional 2,076 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kraft Heinz were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc raised its holdings in Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after acquiring an additional 1,123,288 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Kraft Heinz by 167.7% during the fourth quarter. Advisors Asset Management Inc. now owns 130,060 shares of the company’s stock worth $5,598,000 after purchasing an additional 81,468 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Kraft Heinz by 29.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 64,155 shares of the company’s stock worth $2,761,000 after purchasing an additional 14,445 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Kraft Heinz by 9.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 26,269 shares of the company’s stock worth $1,131,000 after purchasing an additional 2,255 shares during the period. Finally, First Mercantile Trust Co. acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $56,000. 58.19% of the stock is owned by hedge funds and other institutional investors.

NASDAQ KHC traded up $0.27 on Friday, reaching $31.04. The company’s stock had a trading volume of 4,780,501 shares, compared to its average volume of 10,741,643. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a twelve month low of $26.96 and a twelve month high of $64.99. The company has a market capitalization of $37.87 billion, a PE ratio of 8.79, a PEG ratio of 2.99 and a beta of 0.69. The business has a 50 day moving average price of $30.51.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Thursday, May 30th. Kraft Heinz’s dividend payout ratio is presently 45.33%.

A number of brokerages have weighed in on KHC. Societe Generale raised shares of Kraft Heinz from a “sell” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $34.00 in a report on Friday, March 1st. BidaskClub upgraded shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. Piper Jaffray Companies lowered shares of Kraft Heinz from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $35.00 to $31.00 in a research report on Wednesday, April 24th. Wolfe Research lowered shares of Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price target for the company. in a research report on Friday, March 29th. Finally, Zacks Investment Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.22.

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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