HB Wealth Management LLC Increases Holdings in The Kraft Heinz Company (NASDAQ:KHC)

HB Wealth Management LLC grew its holdings in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 9.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 12,699 shares of the company’s stock after buying an additional 1,069 shares during the quarter. HB Wealth Management LLC’s holdings in Kraft Heinz were worth $469,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. TCW Group Inc. bought a new position in shares of Kraft Heinz during the fourth quarter valued at $1,098,000. Shell Asset Management Co. grew its holdings in shares of Kraft Heinz by 251.3% during the fourth quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock valued at $1,251,000 after buying an additional 24,199 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Kraft Heinz by 120.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock valued at $5,079,000 after acquiring an additional 75,149 shares in the last quarter. Bridgewater Associates LP raised its holdings in Kraft Heinz by 7.7% in the 4th quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after acquiring an additional 118,260 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock valued at $1,465,000 after acquiring an additional 3,916 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Activity at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, June 27th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Bank of America upped their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Piper Sandler lowered their target price on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

View Our Latest Analysis on Kraft Heinz

Kraft Heinz Price Performance

KHC traded down $0.18 during trading hours on Friday, hitting $31.91. The company’s stock had a trading volume of 2,474,060 shares, compared to its average volume of 7,938,316. The stock has a market cap of $38.75 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 2.59 and a beta of 0.53. The business’s 50-day moving average price is $34.68 and its 200-day moving average price is $35.89. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHCGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.01%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Kraft Heinz Company Profile

(Free Report)

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.

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

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