The Kraft Heinz Company (NASDAQ:KHC) Insider Lande Rashida La Sells 10,140 Shares

The Kraft Heinz Company (NASDAQ:KHC) insider Lande Rashida La sold 10,140 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the sale, the insider now directly owns 158,266 shares of the company’s stock, valued at $5,689,662.70. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $35.71 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.09. The company has a market capitalization of $43.36 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.91 and a beta of 0.65. The firm’s 50-day moving average is $36.35 and its 200 day moving average is $35.90.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Research analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KHC. Invesco Ltd. raised its stake in shares of Kraft Heinz by 10.7% during the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after acquiring an additional 2,369,080 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Kraft Heinz by 86.0% in the 3rd quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock worth $155,671,000 after buying an additional 2,140,153 shares during the period. LSV Asset Management grew its position in shares of Kraft Heinz by 27.1% during the 3rd quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock worth $311,621,000 after buying an additional 1,977,571 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Kraft Heinz by 3,167.3% during the third quarter. Nordea Investment Management AB now owns 1,869,778 shares of the company’s stock valued at $63,198,000 after buying an additional 1,812,551 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Kraft Heinz by 346.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock valued at $57,799,000 after acquiring an additional 1,179,863 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KHC shares. Citigroup began coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Wells Fargo & Company dropped their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.50.

About Kraft Heinz

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.