First Personal Financial Services Grows Stake in The Kraft Heinz Company (NASDAQ:KHC)

First Personal Financial Services boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 47.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,373 shares of the company’s stock after purchasing an additional 7,861 shares during the quarter. First Personal Financial Services’ holdings in Kraft Heinz were worth $785,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Solutions LLC purchased a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in shares of Kraft Heinz in the first quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in shares of Kraft Heinz in the fourth quarter worth $38,000. Janiczek Wealth Management LLC lifted its position in shares of Kraft Heinz by 409.4% in the first quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock valued at $44,000 after acquiring an additional 954 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Kraft Heinz by 128.9% during the first quarter. AlphaMark Advisors LLC now owns 1,181 shares of the company’s stock valued at $44,000 after acquiring an additional 665 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.5 %

NASDAQ:KHC traded up $0.17 on Friday, hitting $35.43. 9,320,209 shares of the stock were exchanged, compared to its average volume of 7,946,796. The stock has a market cap of $43.02 billion, a PE ratio of 15.47, a PEG ratio of 3.52 and a beta of 0.53. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $38.96. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $33.77 and a 200-day moving average of $35.05.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.52%. Kraft Heinz’s payout ratio is 69.87%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group started coverage on shares of Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 target price for the company. Piper Sandler reduced their price objective on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Evercore ISI cut their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Barclays raised their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.31.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now owns 143,970 shares in the company, valued at $5,182,920. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

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.