Melissa Werneck Sells 3,500 Shares of The Kraft Heinz Company (NASDAQ:KHC) Stock

The Kraft Heinz Company (NASDAQ:KHC – Get Rating) EVP Melissa Werneck sold 3,500 shares of the stock in a transaction on Monday, January 9th. The shares were sold at an average price of $42.39, for a total transaction of $148,365.00. Following the sale, the executive vice president now directly owns 266,583 shares of the company’s stock, valued at approximately $11,300,453.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kraft Heinz Stock Down 0.3 %

NASDAQ:KHC opened at $42.43 on Friday. The firm has a market cap of $51.97 billion, a P/E ratio of 43.30, a P/E/G ratio of 3.11 and a beta of 0.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.50 and a current ratio of 0.90. The Kraft Heinz Company has a fifty-two week low of $32.73 and a fifty-two week high of $44.87. The firm has a 50-day simple moving average of $39.69 and a two-hundred day simple moving average of $37.87.

Kraft Heinz (NASDAQ:KHC – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.30 billion. Kraft Heinz had a net margin of 4.71% and a return on equity of 6.84%. Analysts predict that The Kraft Heinz Company will post 2.7 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, November 25th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Wednesday, November 23rd. Kraft Heinz’s payout ratio is presently 163.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KHC shares. Exane BNP Paribas started coverage on shares of Kraft Heinz in a research report on Tuesday, November 15th. They issued a “neutral” rating and a $39.00 target price for the company. BNP Paribas started coverage on shares of Kraft Heinz in a research report on Tuesday, November 15th. They issued a “neutral” rating and a $39.00 target price for the company. TheStreet raised shares of Kraft Heinz from a “c+” rating to a “b-” rating in a research report on Wednesday, November 2nd. Piper Sandler dropped their target price on shares of Kraft Heinz to $41.00 in a research report on Wednesday, October 5th. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a “neutral” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Sunday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.17.

Institutional Trading of Kraft Heinz

A number of institutional investors have recently made changes to their positions in KHC. BlackRock Inc. boosted its holdings in shares of Kraft Heinz by 25.3% during the 3rd quarter. BlackRock Inc. now owns 56,572,464 shares of the company’s stock valued at $1,886,694,000 after acquiring an additional 11,428,520 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kraft Heinz by 15.3% in the third quarter. Vanguard Group Inc. now owns 67,502,147 shares of the company’s stock worth $2,251,197,000 after buying an additional 8,948,708 shares during the last quarter. Capital World Investors boosted its holdings in shares of Kraft Heinz by 96.5% in the first quarter. Capital World Investors now owns 13,312,000 shares of the company’s stock worth $524,360,000 after buying an additional 6,537,000 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Kraft Heinz by 301.2% in the third quarter. Nuveen Asset Management LLC now owns 6,416,759 shares of the company’s stock worth $213,999,000 after buying an additional 4,817,233 shares during the last quarter. Finally, Continental Grain Co. purchased a new position in shares of Kraft Heinz in the second quarter worth approximately $132,216,000. Hedge funds and other institutional investors own 68.80% of the company’s stock.

Kraft Heinz Company Profile

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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.