The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,888 shares of the company’s stock after acquiring an additional 586 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Kraft Heinz were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $32,000. BKM Wealth Management LLC purchased a new stake in Kraft Heinz during the 4th quarter worth $33,000. Headinvest LLC acquired a new stake in Kraft Heinz in the 3rd quarter valued at $38,000. VisionPoint Advisory Group LLC raised its position in Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after purchasing an additional 936 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.6 %

KHC opened at $35.80 on Friday. The stock has a market cap of $43.47 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $36.61 and a 200-day moving average of $36.18. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.97.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. Kraft Heinz’s revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s payout ratio is currently 69.87%.

Insiders Place Their Bets

In related news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Wells Fargo & Company dropped their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Bank of America increased their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup initiated coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price on the stock. Finally, Piper Sandler raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.08.

Kraft Heinz Company Profile

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.