The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,587 shares of the company’s stock after selling 830 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Kraft Heinz were worth $3,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KHC. O Shaughnessy Asset Management LLC lifted its stake in Kraft Heinz by 18.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 36,852 shares of the company’s stock worth $1,240,000 after purchasing an additional 5,823 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Kraft Heinz in the third quarter valued at $743,000. Hodges Capital Management Inc. bought a new stake in Kraft Heinz in the third quarter valued at $315,000. Lazard Asset Management LLC lifted its stake in Kraft Heinz by 1,410.0% in the third quarter. Lazard Asset Management LLC now owns 758,310 shares of the company’s stock valued at $25,508,000 after buying an additional 708,092 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Kraft Heinz during the third quarter valued at $233,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 0.4 %

Shares of KHC stock opened at $32.00 on Wednesday. The stock’s 50 day simple moving average is $35.06 and its 200 day simple moving average is $35.99. 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 Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The company has a market capitalization of $38.86 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.60 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $6.41 billion for 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 company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. As a group, research analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, June 6th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KHC. Wells Fargo & Company lowered their price target on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, June 27th. Bank of America lifted their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Piper Sandler decreased their price objective on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

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 sale, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.37% of the stock is currently owned by company insiders.

About Kraft Heinz

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.