Everence Capital Management Inc. lifted its position in shares of The Kraft Heinz Company (NASDAQ: KHC – Get Rating) by 61.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,390 shares of the company stock after acquiring an additional 9,240 shares during the period. Everence Capital Management Inc.’s holdings in Kraft Heinz were worth $ 961,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its stake in Kraft Heinz by 521.7% in the 4th quarter. AlphaMark Advisors LLC now owns 715 shares of the company stock valued at $ 26,000 after purchasing an additional 600 shares during the last quarter. TAP Consulting LLC bought a new position in Kraft Heinz in the 4th quarter valued at approximately $ 29,000. Larson Financial Group LLC lifted its stake in Kraft Heinz by 383.7% in the 4th quarter. Larson Financial Group LLC now owns 803 shares of the company stock valued at $ 29,000 after purchasing an additional 637 shares during the last quarter. Rather & Kittrell Inc. bought a new position in Kraft Heinz in the 4th quarter valued at approximately $ 33,000. Finally, Ellevest Inc. lifted its stake in Kraft Heinz by 86.8% in the 4th quarter. Ellevest Inc. now owns 1,022 shares of the company stock valued at $ 37,000 after purchasing an additional 475 shares during the last quarter. 63.09% of the stock is owned by institutional investors.
Several brokerages recently commented on KHC. UBS Group downgraded shares of Kraft Heinz from a “neutral” rating to a “sell” rating and dropped their objective price for the company from $ 40.00 to $ 34.00 in a research note on Thursday, May 26th. BMO Capital Markets raised their price target on shares of Kraft Heinz from $ 41.00 to $ 46.00 and gave the company a “hold” rating in a research note on Thursday, April 28th. Credit Suisse Group raised their price target on shares of Kraft Heinz from $ 36.00 to $ 38.00 and gave the company an “underperform” rating in a research note on Wednesday, February 23rd. TheStreet raised shares of Kraft Heinz from a “c +” rating to a “b” rating in a research note on Monday, March 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $ 46.00 to $ 47.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $ 39.29.
NASDAQ: KHC opened at $ 35.58 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.68 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $ 43.55 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.65 and a beta of 0.85. The firm has a fifty day simple moving average of $ 40.28 and a two-hundred day simple moving average of $ 38.25. The Kraft Heinz Company has a 12 month low of $ 32.78 and a 12 month high of $ 44.87.
Kraft Heinz (NASDAQ: KHC – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $ 0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.52 by $ 0.08. The firm had revenue of $ 6.05 billion during the quarter, compared to analysts’ expectations of $ 5.81 billion. Kraft Heinz had a net margin of 4.77% and a return on equity of 6.95%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $ 0.72 earnings per share. Equities analysts predict that The Kraft Heinz Company will post 2.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be issued a dividend of $ 0.40 per share. This represents a $ 1.60 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Thursday, May 26th. Kraft Heinz’s dividend payout ratio is currently 161.62%.
In related news, CEO Miguel Patricio sold 259,958 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $ 44.28, for a total transaction of $ 11,510,940.24. Following the transaction, the chief executive officer now directly owns 1,897,433 shares of the company stock, valued at $ 84,018,333.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lande Rashida La sold 16,281 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $ 36.47, for a total transaction of $ 593,768.07. Following the transaction, the chief accounting officer now directly owns 268,174 shares in the company, valued at $ 9,780,305.78. The disclosure for this sale can be found here. Insiders have sold 305,094 shares of company stock valued at $ 13,171,478 over the last quarter. Corporate insiders own 1.40% of the company stock.
About Kraft Heinz: (Get Rating)
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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