Ranch Capital Advisors Inc. Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Ranch Capital Advisors Inc. grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,385 shares of the company’s stock after buying an additional 1,013 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Kraft Heinz were worth $947,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Solutions LLC purchased a new stake in shares of Kraft Heinz in the 4th quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Kraft Heinz during the 1st quarter worth approximately $27,000. Asset Dedication LLC grew its holdings in Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Kraft Heinz during the 4th quarter worth about $38,000. Finally, Hantz Financial Services Inc. purchased a new position in Kraft Heinz during the second quarter worth about $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $34.99 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The firm has a fifty day moving average of $34.74 and a 200-day moving average of $35.05. The company has a market cap of $42.49 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.57%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KHC shares. Evercore ISI cut their price target on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Citigroup cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. The Goldman Sachs Group started coverage on shares of Kraft Heinz in a report on Monday, August 12th. They issued a “sell” rating and a $34.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Barclays boosted their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $37.50.

Insider Buying and Selling

In other news, insider Cory Onell sold 4,076 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% 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.