The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by MCF Advisors LLC

MCF Advisors LLC boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2,049.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,235 shares of the company’s stock after acquiring an additional 2,131 shares during the quarter. MCF Advisors LLC’s holdings in Kraft Heinz were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSC Wealth Advisors LLC raised its stake in shares of Kraft Heinz by 23.4% during the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after buying an additional 270 shares during the last quarter. Welch Group LLC increased its holdings in Kraft Heinz by 1.9% during the 1st quarter. Welch Group LLC now owns 14,868 shares of the company’s stock valued at $549,000 after acquiring an additional 272 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Kraft Heinz by 13.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock worth $89,000 after acquiring an additional 282 shares during the last quarter. Archer Investment Corp lifted its holdings in shares of Kraft Heinz by 2.0% in the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after purchasing an additional 294 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its position in shares of Kraft Heinz by 3.1% in the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock valued at $370,000 after purchasing an additional 300 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KHC shares. Piper Sandler lowered their target price on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America raised their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company cut their price objective 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.75.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the business’s 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 completion of the sale, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by insiders.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $32.22 on Friday. The company has a market cap of $39.12 billion, a P/E ratio of 14.07, a P/E/G ratio of 2.60 and a beta of 0.57. The firm’s 50 day moving average is $35.19 and its two-hundred day moving average is $36.04. 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 quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued 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. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company posted $0.68 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Kraft Heinz Company Profile

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.