The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL boosted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,678 shares of the company’s stock after acquiring an additional 23,810 shares during the quarter. Blair William & Co. IL’s holdings in Kraft Heinz were worth $8,077,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KHC. Steward Partners Investment Solutions LLC purchased a new position in Kraft Heinz in the 4th quarter valued at approximately $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Kraft Heinz in the first quarter valued at $27,000. Asset Dedication LLC raised its stake in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after buying an additional 476 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Kraft Heinz in the 2nd quarter worth about $34,000. Finally, Valley Wealth Managers Inc. grew its stake in Kraft Heinz by 46.4% in the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock valued at $35,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $34.96 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 firm has a market capitalization of $42.45 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 3.43 and a beta of 0.49. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a 50 day moving average price of $34.80 and a 200 day moving average price of $35.05.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the firm posted $0.79 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Sell-side analysts anticipate 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 will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Insider Activity at Kraft Heinz

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

Wall Street Analyst Weigh In

KHC has been the topic of several recent research reports. Citigroup reduced their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler dropped their price target 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. The Goldman Sachs Group assumed coverage on Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 price objective on the stock. Finally, Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.50.

Kraft Heinz 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.