McGlone Suttner Wealth Management Inc. Makes New Investment in The Kraft Heinz Company (NASDAQ:KHC)

McGlone Suttner Wealth Management Inc. acquired a new position in The Kraft Heinz Company (NASDAQ:KHCFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,711 shares of the company’s stock, valued at approximately $63,000.

A number of other large investors have also added to or reduced their stakes in KHC. FSC Wealth Advisors LLC raised its position in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after acquiring an additional 270 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Kraft Heinz by 69.9% in the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after buying an additional 272 shares in the last quarter. Econ Financial Services Corp increased its position in shares of Kraft Heinz by 0.6% in the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock valued at $1,793,000 after buying an additional 310 shares in the last quarter. Kensington Investment Counsel LLC increased its position in shares of Kraft Heinz by 1.4% in the fourth quarter. Kensington Investment Counsel LLC now owns 23,696 shares of the company’s stock valued at $965,000 after buying an additional 330 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its position in shares of Kraft Heinz by 3.1% in the third quarter. Personal CFO Solutions LLC now owns 11,176 shares of the company’s stock valued at $376,000 after buying an additional 331 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KHC. Evercore ISI upgraded Kraft Heinz from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $42.00 in a research report on Monday, December 11th. Wells Fargo & Company cut their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Finally, Citigroup began coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.57.

View Our Latest Report on KHC

Insiders Place Their Bets

In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total transaction of $4,999,630.00. Following the sale, the director now owns 992,049 shares in the company, valued at approximately $37,717,702.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

Kraft Heinz Price Performance

KHC stock opened at $36.90 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $44.86 billion, a PE ratio of 15.97, a P/E/G ratio of 2.89 and a beta of 0.67. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The business’s fifty day moving average price is $35.94 and its 200 day moving average price is $35.04.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.34%. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

Kraft Heinz Company Profile

(Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

Recommended Stories

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHCFree Report).

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.