Calton & Associates Inc. Buys Shares of 7,007 The Kraft Heinz Company (NASDAQ:KHC)

Posted by Defense World Staff on Mar 27th, 2023

Calton & Associates Inc. bought a new stake in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,007 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors also recently modified their holdings of KHC. Wesbanco Bank Inc. boosted its stake in Kraft Heinz by 10.8% in the 4th quarter. Wesbanco Bank Inc. now owns 9,898 shares of the company’s stock valued at $403,000 after buying an additional 962 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Kraft Heinz by 5.5% during the fourth quarter. Private Advisor Group LLC now owns 71,719 shares of the company’s stock worth $557,238,000 after purchasing an additional 3,769 shares during the period. Maryland State Retirement & Pension System acquired a new position in Kraft Heinz in the fourth quarter valued at about $2,237,000. Sequoia Financial Advisors LLC grew its stake in Kraft Heinz by 29.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,436 shares of the company’s stock valued at $343,000 after acquiring an additional 1,922 shares during the period. Finally, Beech Hill Advisors Inc. grew its stake in Kraft Heinz by 238.3% in the fourth quarter. Beech Hill Advisors Inc. now owns 76,941 shares of the company’s stock valued at $3,132,000 after acquiring an additional 54,196 shares during the period. Institutional investors and hedge funds own 68.80% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Melissa Werneck sold 3,500 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $42.39, for a total transaction of $148,365.00. Following the completion of the sale, the executive vice president now directly owns 266,583 shares in the company, valued at $11,300,453.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Flavio Torres sold 250,571 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $39.58, for a total transaction of $9,917,600.18. Following the completion of the transaction, the executive vice president now directly owns 188,983 shares of the company’s stock, valued at $7,479,947.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Melissa Werneck sold 3,500 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $42.39, for a total transaction of $148,365.00. Following the transaction, the executive vice president now directly owns 266,583 shares of the company’s stock, valued at $11,300,453.37. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of several analyst reports. Piper Sandler upped their target price on Kraft Heinz from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. Morgan Stanley increased their price target on Kraft Heinz from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 17th. Deutsche Bank Aktiengesellschaft lowered their target price on Kraft Heinz from $49.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, March 20th. UBS Group lifted their price objective on Kraft Heinz from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. Finally, Mizuho lifted their price target on Kraft Heinz from $48.00 to $50.00 in a research note on Friday, January 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average target price of $42.67.

Kraft Heinz Stock Up 2.0 %

Shares of NASDAQ:KHC opened at $38.18 on Monday. The Kraft Heinz Company has a 52-week low of $32.73 and a 52-week high of $44.87. The firm has a fifty day moving average of $39.32 and a 200 day moving average of $38.34. The firm has a market capitalization of $46.77 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 3.46 and a beta of 0.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.47 and a current ratio of 0.87.

Kraft Heinz (NASDAQ:KHC – Get Rating) last announced its earnings results on Wednesday, February 15th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Kraft Heinz had a net margin of 8.92% and a return on equity of 7.03%. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, research analysts anticipate that The Kraft Heinz Company will post 2.71 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.60 annualized dividend and a yield of 4.19%. Kraft Heinz’s payout ratio is 83.77%.

Kraft Heinz Profile

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The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.