SG Americas Securities LLC Sells 458,857 Shares of The Kraft Heinz Company (NASDAQ:KHC)

SG Americas Securities LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 86.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,277 shares of the company’s stock after selling 458,857 shares during the period. SG Americas Securities LLC’s holdings in Kraft Heinz were worth $2,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hodges Capital Management Inc. lifted its holdings in Kraft Heinz by 1.9% in the fourth quarter. Hodges Capital Management Inc. now owns 15,961 shares of the company’s stock worth $573,000 after buying an additional 300 shares during the period. Wealth Alliance Advisory Group LLC lifted its holdings in shares of Kraft Heinz by 5.4% during the first quarter. Wealth Alliance Advisory Group LLC now owns 6,077 shares of the company’s stock valued at $239,000 after purchasing an additional 311 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Kraft Heinz by 3.6% during the first quarter. Allworth Financial LP now owns 9,036 shares of the company’s stock valued at $356,000 after purchasing an additional 312 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Kraft Heinz by 0.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 45,045 shares of the company’s stock valued at $1,617,000 after purchasing an additional 338 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Kraft Heinz by 15.0% during the first quarter. Hexagon Capital Partners LLC now owns 2,599 shares of the company’s stock valued at $102,000 after purchasing an additional 339 shares during the last quarter. 63.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KHC. Mizuho began coverage on shares of Kraft Heinz in a report on Monday, July 18th. They set a “buy” rating and a $48.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kraft Heinz from $48.00 to $47.00 in a research report on Monday, July 18th. UBS Group downgraded shares of Kraft Heinz from a “neutral” rating to a “sell” rating and cut their target price for the stock from $40.00 to $34.00 in a research report on Thursday, May 26th. BMO Capital Markets raised shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Wednesday, June 22nd. Finally, TheStreet raised shares of Kraft Heinz from a “c+” rating to a “b” rating in a research report on Monday, March 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.38.

Insider Activity at Kraft Heinz

In related news, CEO Miguel Patricio sold 259,958 shares of Kraft Heinz stock in a transaction on 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 owns 1,897,433 shares in the company, valued at approximately $84,018,333.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Kraft Heinz news, EVP Marcos Eloi Lima sold 28,855 shares of the business’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $36.97, for a total value of $1,066,769.35. Following the sale, the executive vice president now owns 193,938 shares in the company, valued at approximately $7,169,887.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Miguel Patricio sold 259,958 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $44.28, for a total transaction of $11,510,940.24. Following the completion of the sale, the chief executive officer now owns 1,897,433 shares in the company, valued at approximately $84,018,333.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,094 shares of company stock worth $13,171,478. 1.40% of the stock is owned by corporate insiders.

Kraft Heinz Trading Up 1.0 %

Shares of KHC stock opened at $38.32 on Friday. The Kraft Heinz Company has a 1 year low of $32.78 and a 1 year high of $44.87. The firm has a fifty day moving average price of $38.02 and a 200-day moving average price of $38.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.68. The company has a market cap of $46.90 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 2.85 and a beta of 0.78.

Kraft Heinz (NASDAQ:KHCGet 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. Kraft Heinz had a net margin of 4.77% and a return on equity of 6.95%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, May 27th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Thursday, May 26th. Kraft Heinz’s dividend payout ratio (DPR) is 161.62%.

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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