Morningstar Investment Services LLC Invests $246,000 in The Kraft Heinz Company (NASDAQ:KHC)

Morningstar Investment Services LLC purchased a new position in The Kraft Heinz Company (NASDAQ:KHCFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,691 shares of the company’s stock, valued at approximately $246,000.

Other large investors have also recently modified their holdings of the company. Steward Partners Investment Solutions LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Kraft Heinz in the 4th quarter worth about $32,000. BKM Wealth Management LLC bought a new stake in Kraft Heinz in the 4th quarter worth about $33,000. Headinvest LLC bought a new stake in Kraft Heinz in the 3rd quarter worth about $38,000. Finally, VisionPoint Advisory Group LLC increased its holdings in Kraft Heinz by 326.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after buying an additional 936 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KHC shares. 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 report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Piper Sandler upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Wednesday, May 22nd. Finally, Wells Fargo & Company cut 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Moderate Buy” and a consensus price target of $40.08.

Read Our Latest Stock Analysis on KHC

Kraft Heinz Stock Down 0.5 %

Shares of KHC opened at $34.39 on Friday. The stock has a market capitalization of $41.76 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The business’s 50 day simple moving average is $36.44 and its 200-day simple moving average is $36.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Insider Activity

In other news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the transaction, the insider now owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz 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.

See Also

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

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