Stamos Capital Partners L.P. Has $2.91 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Stamos Capital Partners L.P. increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,270 shares of the company’s stock after acquiring an additional 8,760 shares during the period. Stamos Capital Partners L.P.’s holdings in Kraft Heinz were worth $2,911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthPLAN Partners LLC bought a new stake in shares of Kraft Heinz during the first quarter valued at approximately $25,000. Corrado Advisors LLC acquired a new position in Kraft Heinz during the 4th quarter worth $28,000. Heritage Wealth Management LLC bought a new position in Kraft Heinz in the 4th quarter valued at $29,000. ST Germain D J Co. Inc. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $30,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of Kraft Heinz during the fourth quarter worth $35,000. 75.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kraft Heinz

In other news, CAO Lande Rashida La sold 16,453 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $35.07, for a total value of $577,006.71. Following the completion of the transaction, the chief accounting officer now owns 206,243 shares in the company, valued at approximately $7,232,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com started coverage on Kraft Heinz in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley cut their price objective on shares of Kraft Heinz from $44.00 to $39.00 in a report on Wednesday, June 14th. Mizuho lowered their target price on shares of Kraft Heinz from $50.00 to $47.00 in a report on Monday, July 31st. Barclays reduced their price target on Kraft Heinz from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 20th. Finally, Piper Sandler dropped their price objective on Kraft Heinz from $43.00 to $41.00 in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.54.

Kraft Heinz Stock Down 1.5 %

Shares of NASDAQ:KHC traded down $0.51 during midday trading on Monday, reaching $32.58. 7,765,300 shares of the company were exchanged, compared to its average volume of 7,105,506. The firm has a market cap of $40.02 billion, a PE ratio of 12.73, a P/E/G ratio of 2.42 and a beta of 0.68. The Kraft Heinz Company has a fifty-two week low of $32.49 and a fifty-two week high of $42.80. The stock has a fifty day simple moving average of $35.01 and a two-hundred day simple moving average of $37.40. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.80 billion. Kraft Heinz had a return on equity of 7.45% and a net margin of 11.65%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 2.89 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.91%. Kraft Heinz’s dividend payout ratio (DPR) is presently 62.50%.

Kraft Heinz Profile

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.