Park Avenue Securities LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 45.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,818 shares of the company’s stock after buying an additional 2,759 shares during the period. Park Avenue Securities LLC’s holdings in Kraft Heinz were worth $294,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of KHC. Crewe Advisors LLC boosted its position in Kraft Heinz by 108.8% during the second quarter. Crewe Advisors LLC now owns 691 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares during the last quarter. Horan Securities Inc. boosted its position in Kraft Heinz by 206.4% during the third quarter. Horan Securities Inc. now owns 766 shares of the company’s stock valued at $26,000 after purchasing an additional 516 shares during the last quarter. Ossiam acquired a new position in Kraft Heinz during the second quarter valued at approximately $28,000. Hallmark Capital Management Inc. bought a new stake in Kraft Heinz in the second quarter valued at approximately $32,000. Finally, Bogart Wealth LLC raised its stake in Kraft Heinz by 149.9% in the second quarter. Bogart Wealth LLC now owns 852 shares of the company’s stock valued at $33,000 after buying an additional 511 shares during the period. 68.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on KHC. StockNews.com began coverage on Kraft Heinz in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Mizuho upped their price objective on Kraft Heinz from $48.00 to $50.00 in a research note on Friday, January 6th. BNP Paribas began coverage on Kraft Heinz in a research note on Tuesday, November 15th. They issued a “neutral” rating and a $39.00 price objective on the stock. Piper Sandler dropped their price objective on Kraft Heinz to $41.00 in a research note on Wednesday, October 5th. Finally, UBS Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and set a $34.00 price objective on the stock in a research note on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.17.
Insiders Place Their Bets
Kraft Heinz Price Performance
Kraft Heinz stock opened at $40.26 on Tuesday. The stock’s fifty day moving average price is $40.16 and its two-hundred day moving average price is $38.00. The Kraft Heinz Company has a one year low of $32.73 and a one year high of $44.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.90 and a quick ratio of 0.50. The firm has a market cap of $49.32 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 2.91 and a beta of 0.73.
Kraft Heinz (NASDAQ:KHC – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. Kraft Heinz had a return on equity of 6.84% and a net margin of 4.71%. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.30 billion. As a group, research analysts expect that The Kraft Heinz Company will post 2.71 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, November 25th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.97%. Kraft Heinz’s dividend payout ratio (DPR) is presently 163.27%.
About Kraft Heinz
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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