Bank Julius Baer & Co. Ltd Zurich Acquires 1,223 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Posted by Defense World Staff on Apr 3rd, 2023

Bank Julius Baer & Co. Ltd Zurich lifted its stake in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,960 shares of the company’s stock after buying an additional 1,223 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Kraft Heinz were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. MQS Management LLC increased its holdings in Kraft Heinz by 3.2% in the 3rd quarter. MQS Management LLC now owns 7,914 shares of the company’s stock worth $264,000 after acquiring an additional 246 shares during the last quarter. Atlas Capital Advisors LLC lifted its stake in Kraft Heinz by 3.5% in the 3rd quarter. Atlas Capital Advisors LLC now owns 7,961 shares of the company’s stock worth $265,000 after purchasing an additional 267 shares in the last quarter. Signature Wealth Management Partners LLC increased its holdings in shares of Kraft Heinz by 3.6% in the third quarter. Signature Wealth Management Partners LLC now owns 8,583 shares of the company’s stock worth $286,000 after purchasing an additional 299 shares during the period. Texas Yale Capital Corp. increased its stake in Kraft Heinz by 1.5% in the 3rd quarter. Texas Yale Capital Corp. now owns 20,639 shares of the company’s stock worth $688,000 after acquiring an additional 300 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Kraft Heinz by 5.3% in the third quarter. Sequoia Financial Advisors LLC now owns 6,514 shares of the company’s stock worth $217,000 after purchasing an additional 326 shares during the last quarter. 68.80% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.4 %

Shares of Kraft Heinz stock opened at $38.67 on Monday. The Kraft Heinz Company has a 1 year low of $32.73 and a 1 year high of $44.87. The company has a 50-day moving average of $39.10 and a 200 day moving average of $38.43. The firm has a market cap of $47.45 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 3.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.87 and a quick ratio of 0.47.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 10th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 9th. This represents a $1.60 annualized dividend and a dividend yield of 4.14%. Kraft Heinz’s dividend payout ratio (DPR) is 83.77%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Credit Suisse Group reissued an “underperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of Kraft Heinz in a research note on Thursday, February 16th. Deutsche Bank Aktiengesellschaft dropped 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. Morgan Stanley increased their price target on shares of Kraft Heinz from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 17th. Piper Sandler boosted their price objective on shares of Kraft Heinz from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. Finally, Mizuho lifted their target price on shares of Kraft Heinz from $48.00 to $50.00 in a research report on Friday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.67.

Insider Buying and Selling

In related news, EVP Flavio Torres sold 250,571 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 188,983 shares in the company, valued at approximately $7,479,947.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Flavio Torres sold 250,571 shares of the company’s stock in a transaction dated 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 transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, EVP Melissa Werneck sold 3,500 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $42.39, for a total value of $148,365.00. Following the sale, the executive vice president now owns 266,583 shares of the company’s stock, valued at approximately $11,300,453.37. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

About Kraft Heinz

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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.