6,777 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Focus Financial Network Inc. ADV

Focus Financial Network Inc. ADV purchased a new position in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,777 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors have also made changes to their positions in KHC. Turtle Creek Wealth Advisors LLC bought a new position in Kraft Heinz during the fourth quarter valued at approximately $32,000. BKM Wealth Management LLC bought a new position in Kraft Heinz during the fourth quarter valued at approximately $33,000. Headinvest LLC bought a new position in Kraft Heinz during the third quarter valued at approximately $38,000. VisionPoint Advisory Group LLC raised its position in Kraft Heinz by 326.1% during the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after acquiring an additional 936 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in Kraft Heinz during the fourth quarter valued at approximately $47,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the sale, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Kraft Heinz Stock Down 0.8 %

KHC opened at $35.10 on Tuesday. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The firm’s fifty day moving average price is $36.59 and its two-hundred day moving average price is $36.30. The company has a market capitalization of $42.62 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.84 and a beta of 0.57.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a yield of 4.56%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Analyst Ratings Changes

Several equities analysts recently weighed in on KHC shares. Bank of America raised their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Finally, Piper Sandler raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a research report on Wednesday, May 22nd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.08.

View Our Latest Stock Report on Kraft Heinz

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.

Further Reading

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

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