Valeo Financial Advisors LLC Trims Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Valeo Financial Advisors LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 8.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,131 shares of the company’s stock after selling 4,721 shares during the period. Valeo Financial Advisors LLC’s holdings in Kraft Heinz were worth $1,850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KHC. Steward Partners Investment Solutions LLC purchased a new stake in Kraft Heinz in the fourth quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $32,000. BKM Wealth Management LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $33,000. Headinvest LLC purchased a new stake in shares of Kraft Heinz in the third quarter valued at about $38,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $38,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upped 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. Bank of America upped their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Piper Sandler cut their price target on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Finally, Wells Fargo & Company cut their price target on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, June 27th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Kraft Heinz Trading Up 0.3 %

Shares of Kraft Heinz stock opened at $32.09 on Thursday. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. 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 stock has a market cap of $38.97 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. The company has a 50-day moving average of $34.94 and a two-hundred day moving average of $35.95.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, research analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 6th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.99%. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

Insider Transactions at Kraft Heinz

In other news, insider Lande Rashida La sold 10,140 shares of the firm’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 transaction, the insider now directly owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

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.