Stephens Inc. AR Purchases 2,662 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Stephens Inc. AR increased its position in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,491 shares of the company’s stock after buying an additional 2,662 shares during the period. Stephens Inc. AR’s holdings in Kraft Heinz were worth $980,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KHC. TCW Group Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $1,098,000. Tower Research Capital LLC TRC increased its holdings in Kraft Heinz by 120.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock valued at $5,079,000 after acquiring an additional 75,149 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after purchasing an additional 3,916 shares in the last quarter. Norges Bank bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $13,417,000. Finally, Cutter & CO Brokerage Inc. grew its position in shares of Kraft Heinz by 6.6% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 13,857 shares of the company’s stock valued at $512,000 after purchasing an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 2.4 %

KHC opened at $33.55 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 1.09. The stock’s 50 day moving average price is $36.37 and its 200-day moving average price is $36.32. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The stock has a market cap of $40.74 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 2.76 and a beta of 0.57.

Kraft Heinz (NASDAQ:KHCGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. On average, equities analysts forecast 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Insider Activity

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction 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 directly owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

KHC has been the subject of a number of research reports. Bank of America increased their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. 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 note on Wednesday, May 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Moderate Buy” and an average target price of $40.08.

Get Our Latest Stock Analysis on KHC

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.

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

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