Kovack Advisors Inc. Has $313,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Kovack Advisors Inc. raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,493 shares of the company’s stock after purchasing an additional 1,381 shares during the period. Kovack Advisors Inc.’s holdings in Kraft Heinz were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KHC. Steward Partners Investment Solutions LLC bought a new stake in Kraft Heinz during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $32,000. BKM Wealth Management LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $33,000. Transcendent Capital Group LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $38,000. Finally, Headinvest LLC acquired a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $38,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The stock was 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 of the company’s stock, valued at $5,689,662.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

Kraft Heinz Trading Up 0.3 %

NASDAQ KHC opened at $32.09 on Friday. The firm has a market capitalization of $38.97 billion, a P/E ratio of 14.01, a PEG ratio of 2.59 and a beta of 0.53. The business has a fifty day simple moving average of $34.81 and a 200 day simple moving average of $35.92. 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.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.43 billion. During the same period in the prior year, the firm posted $0.68 EPS. Kraft Heinz’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.99%. Kraft Heinz’s payout ratio is currently 69.87%.

Analysts Set New Price Targets

Several brokerages have issued reports on KHC. Piper Sandler cut their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Wells Fargo & Company lowered their price objective on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 27th. Bank of America increased their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. 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 has a consensus rating of “Moderate Buy” and an average price target of $39.75.

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.