The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 38.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,201 shares of the company’s stock after purchasing an additional 32,372 shares during the quarter. American Century Companies Inc.’s holdings in Kraft Heinz were worth $4,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Good Life Advisors LLC boosted its stake in shares of Kraft Heinz by 3.5% during the 1st quarter. Good Life Advisors LLC now owns 7,199 shares of the company’s stock worth $278,000 after acquiring an additional 243 shares in the last quarter. Ellevest Inc. boosted its stake in shares of Kraft Heinz by 30.6% during the 1st quarter. Ellevest Inc. now owns 1,062 shares of the company’s stock worth $41,000 after acquiring an additional 249 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Kraft Heinz by 1.5% during the 1st quarter. Greenleaf Trust now owns 17,210 shares of the company’s stock worth $666,000 after acquiring an additional 257 shares in the last quarter. Chesley Taft & Associates LLC boosted its stake in shares of Kraft Heinz by 0.6% during the 1st quarter. Chesley Taft & Associates LLC now owns 50,359 shares of the company’s stock worth $1,947,000 after acquiring an additional 302 shares in the last quarter. Finally, First City Capital Management Inc. boosted its stake in shares of Kraft Heinz by 1.9% during the 4th quarter. First City Capital Management Inc. now owns 17,044 shares of the company’s stock worth $694,000 after acquiring an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 75.39% of the company’s stock.

Insider Transactions at Kraft Heinz

In other news, CAO Lande Rashida La sold 16,453 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $35.07, for a total value of $577,006.71. Following the completion of the transaction, the chief accounting officer now directly owns 206,243 shares of the company’s stock, valued at approximately $7,232,942.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com assumed coverage on Kraft Heinz in a research note on Thursday, August 17th. They set a “hold” rating for the company. Piper Sandler decreased their target price on Kraft Heinz from $43.00 to $41.00 in a research note on Monday, June 26th. Barclays decreased their target price on Kraft Heinz from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, July 20th. Mizuho decreased their target price on Kraft Heinz from $50.00 to $47.00 in a research note on Monday, July 31st. Finally, Morgan Stanley decreased their target price on Kraft Heinz from $44.00 to $39.00 in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.54.

Kraft Heinz Trading Up 0.1 %

Kraft Heinz stock opened at $32.57 on Thursday. The business has a 50 day moving average price of $34.84 and a two-hundred day moving average price of $37.26. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.39. The stock has a market cap of $40.01 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.42 and a beta of 0.68. The Kraft Heinz Company has a 12 month low of $32.42 and a 12 month high of $42.80.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Kraft Heinz had a return on equity of 7.45% and a net margin of 11.65%. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same period in the prior year, the firm posted $0.70 EPS. Kraft Heinz’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that The Kraft Heinz Company will post 2.89 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.91%. Kraft Heinz’s payout ratio is presently 62.50%.

Kraft Heinz Company Profile

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.