Stratos Wealth Advisors LLC increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,997 shares of the company’s stock after acquiring an additional 1,538 shares during the period. Stratos Wealth Advisors LLC’s holdings in Kraft Heinz were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. grew its holdings in Kraft Heinz by 7.9% in the third quarter. Daiwa Securities Group Inc. now owns 96,470 shares of the company’s stock valued at $3,217,000 after purchasing an additional 7,093 shares during the period. Allianz Asset Management GmbH grew its holdings in Kraft Heinz by 419.3% in the second quarter. Allianz Asset Management GmbH now owns 419,701 shares of the company’s stock valued at $16,007,000 after purchasing an additional 338,875 shares during the period. Birmingham Capital Management Co. Inc. AL grew its holdings in Kraft Heinz by 1.6% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 58,790 shares of the company’s stock valued at $1,961,000 after purchasing an additional 910 shares during the period. J.W. Cole Advisors Inc. grew its holdings in Kraft Heinz by 8.9% in the third quarter. J.W. Cole Advisors Inc. now owns 6,087 shares of the company’s stock valued at $203,000 after purchasing an additional 499 shares during the period. Finally, Natixis grew its holdings in Kraft Heinz by 62.1% in the second quarter. Natixis now owns 227,275 shares of the company’s stock valued at $8,695,000 after purchasing an additional 87,027 shares during the period. 68.80% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Kraft Heinz news, EVP Flavio Torres sold 250,571 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $39.58, for a total transaction of $9,917,600.18. Following the completion of the sale, the executive vice president now owns 188,983 shares of the company’s stock, valued at $7,479,947.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Flavio Torres sold 250,571 shares of Kraft Heinz stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $39.58, for a total value of $9,917,600.18. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this link. Also, EVP Melissa Werneck sold 3,500 shares of Kraft Heinz stock in a transaction on Monday, January 9th. The shares were sold at an average price of $42.39, for a total value of $148,365.00. Following the completion of the sale, 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. 1.40% of the stock is owned by insiders.
Analysts Set New Price Targets
Kraft Heinz Stock Performance
Shares of Kraft Heinz stock opened at $38.84 on Friday. The Kraft Heinz Company has a one year low of $32.73 and a one year high of $44.87. The company has a market cap of $47.66 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.49 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. The business’s 50 day moving average price is $39.13 and its 200 day moving average price is $38.37.
Kraft Heinz (NASDAQ:KHC – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The firm had revenue of $7.38 billion for the quarter, compared to the consensus estimate of $7.23 billion. Kraft Heinz had a return on equity of 7.03% and a net margin of 8.92%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. On average, research analysts predict that The Kraft Heinz Company will post 2.71 EPS for the current year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid 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 4.12%. Kraft Heinz’s dividend payout ratio (DPR) is 83.77%.
Kraft Heinz Company Profile
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.
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