J.W. Cole Advisors Inc. Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

J.W. Cole Advisors Inc. grew its holdings in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 7.0% during the first quarter, HoldingsChannel reports. The firm owned 6,260 shares of the company’s stock after acquiring an additional 408 shares during the period. J.W. Cole Advisors Inc.’s holdings in Kraft Heinz were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Brasada Capital Management LP acquired a new stake in shares of Kraft Heinz during the 1st quarter worth approximately $394,000. Finer Wealth Management Inc. boosted its position in Kraft Heinz by 9.7% in the 1st quarter. Finer Wealth Management Inc. now owns 33,164 shares of the company’s stock valued at $1,306,000 after buying an additional 2,933 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Kraft Heinz by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,266,464 shares of the company’s stock valued at $49,886,000 after buying an additional 240,066 shares during the period. Kestra Private Wealth Services LLC lifted its position in shares of Kraft Heinz by 4.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 15,587 shares of the company’s stock worth $614,000 after purchasing an additional 608 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its position in shares of Kraft Heinz by 10.5% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,939 shares of the company’s stock worth $116,000 after purchasing an additional 280 shares during the last quarter. 67.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kraft Heinz

In related news, CAO Lande Rashida La sold 30,000 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $38.36, for a total transaction of $1,150,800.00. Following the completion of the sale, the chief accounting officer now directly owns 223,062 shares of the company’s stock, valued at approximately $8,556,658.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Kraft Heinz news, VP Vince Garlati sold 19,938 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $38.43, for a total transaction of $766,217.34. Following the transaction, the vice president now directly owns 94,843 shares in the company, valued at approximately $3,644,816.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lande Rashida La sold 30,000 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $38.36, for a total transaction of $1,150,800.00. Following the transaction, the chief accounting officer now owns 223,062 shares in the company, valued at $8,556,658.32. The disclosure for this sale can be found here. Insiders sold 53,438 shares of company stock valued at $2,044,977 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $34.44 on Thursday. The Kraft Heinz Company has a 52-week low of $32.78 and a 52-week high of $44.87. The firm has a fifty day moving average of $37.42 and a 200-day moving average of $38.78. The firm has a market capitalization of $42.20 billion, a P/E ratio of 28.23, a PEG ratio of 2.61 and a beta of 0.70. The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHCGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.36 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict that The Kraft Heinz Company will post 2.66 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Thursday, August 25th. Kraft Heinz’s payout ratio is currently 131.15%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KHC shares. UBS Group cut shares of Kraft Heinz from a “neutral” rating to a “sell” rating and reduced their price target for the company from $40.00 to $34.00 in a research report on Thursday, May 26th. Stifel Nicolaus upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, July 28th. They noted that the move was a valuation call. Mizuho initiated coverage on shares of Kraft Heinz in a research note on Monday, July 18th. They set a “buy” rating and a $48.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kraft Heinz from $48.00 to $47.00 in a research note on Monday, July 18th. Finally, TheStreet lowered shares of Kraft Heinz from a “b” rating to a “c+” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $40.44.

About Kraft Heinz

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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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