Kestra Private Wealth Services LLC Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Kestra Private Wealth Services LLC lifted its position in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,587 shares of the company’s stock after buying an additional 608 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Kraft Heinz were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 2.7% during the first quarter. Vanguard Group Inc. now owns 57,382,888 shares of the company’s stock worth $2,260,312,000 after acquiring an additional 1,491,398 shares during the period. BlackRock Inc. boosted its stake in shares of Kraft Heinz by 1.7% in the 1st quarter. BlackRock Inc. now owns 47,497,389 shares of the company’s stock valued at $1,870,923,000 after buying an additional 776,169 shares during the period. State Street Corp boosted its stake in shares of Kraft Heinz by 4.4% in the 1st quarter. State Street Corp now owns 33,344,178 shares of the company’s stock valued at $1,313,427,000 after buying an additional 1,397,795 shares during the period. Invesco Ltd. boosted its stake in shares of Kraft Heinz by 5.6% in the 4th quarter. Invesco Ltd. now owns 19,069,715 shares of the company’s stock valued at $684,605,000 after buying an additional 1,014,677 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Kraft Heinz by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 13,708,881 shares of the company’s stock valued at $491,431,000 after buying an additional 1,600,993 shares during the period. Hedge funds and other institutional investors own 67.03% of the company’s stock.

Kraft Heinz Stock Up 0.3 %

KHC stock opened at $34.71 on Monday. The company has a fifty day moving average price of $37.70 and a 200 day moving average price of $38.88. The Kraft Heinz Company has a 12 month low of $32.78 and a 12 month high of $44.87. The company has a market cap of $42.54 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.89 and a quick ratio of 0.52.

Kraft Heinz (NASDAQ:KHCGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Kraft Heinz had a net margin of 5.92% and a return on equity of 6.82%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.36 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Kraft Heinz’s revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts expect that The Kraft Heinz Company will post 2.66 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, August 25th. Kraft Heinz’s dividend payout ratio (DPR) is presently 131.15%.

Insider Transactions at Kraft Heinz

In other news, VP Vince Garlati sold 19,938 shares of Kraft Heinz stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $38.43, for a total value of $766,217.34. Following the sale, the vice president now owns 94,843 shares of the company’s stock, valued at $3,644,816.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Lande Rashida La sold 3,500 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $36.56, for a total transaction of $127,960.00. Following the completion of the transaction, the chief accounting officer now directly owns 266,627 shares of the company’s stock, valued at approximately $9,747,883.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Vince Garlati sold 19,938 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $38.43, for a total value of $766,217.34. Following the transaction, the vice president now directly owns 94,843 shares of the company’s stock, valued at $3,644,816.49. The disclosure for this sale can be found here. Insiders sold 53,438 shares of company stock worth $2,044,977 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KHC has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. Stifel Nicolaus raised Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, July 28th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft decreased their price target on Kraft Heinz from $48.00 to $47.00 in a report on Monday, July 18th. UBS Group downgraded Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $40.00 to $34.00 in a report on Thursday, May 26th. Finally, BMO Capital Markets upgraded shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.44.

Kraft Heinz Company Profile

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The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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

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