Mutual of America Capital Management LLC Sells 2,214 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Mutual of America Capital Management LLC lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,591 shares of the company’s stock after selling 2,214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kraft Heinz were worth $3,859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSC Wealth Advisors LLC raised its stake in shares of Kraft Heinz by 23.4% in the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after buying an additional 270 shares in the last quarter. NBT Bank N A NY raised its stake in shares of Kraft Heinz by 2.2% in the 1st quarter. NBT Bank N A NY now owns 12,785 shares of the company’s stock valued at $472,000 after buying an additional 270 shares in the last quarter. Welch Group LLC raised its stake in shares of Kraft Heinz by 1.9% in the 1st quarter. Welch Group LLC now owns 14,868 shares of the company’s stock valued at $549,000 after buying an additional 272 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Kraft Heinz by 13.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock valued at $89,000 after buying an additional 282 shares in the last quarter. Finally, Archer Investment Corp increased its position in shares of Kraft Heinz by 2.0% during the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.0 %

Shares of NASDAQ KHC opened at $31.92 on Thursday. The firm has a market capitalization of $38.76 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.59 and a beta of 0.53. 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 1 year low of $30.68 and a 1 year high of $38.96. The firm’s 50-day moving average is $34.21 and its 200-day moving average is $35.77.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.01%. Kraft Heinz’s dividend payout ratio is 69.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KHC shares. Bank of America dropped their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday. Piper Sandler dropped their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.42.

Get Our Latest Stock Analysis on KHC

Insider Activity at Kraft Heinz

In related news, 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 value of $364,533.00. Following the sale, the insider now directly 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 is accessible through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

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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