Bokf Na Acquires 1,127 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Posted by Defense World Staff on Jun 11th, 2023

Bokf Na boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,543 shares of the company’s stock after buying an additional 1,127 shares during the quarter. Bokf Na’s holdings in Kraft Heinz were worth $877,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Birmingham Capital Management Co. Inc. AL raised its position in shares of 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. Echo Street Capital Management LLC grew its position in shares of Kraft Heinz by 25.5% in the third quarter. Echo Street Capital Management LLC now owns 8,540 shares of the company’s stock valued at $285,000 after purchasing an additional 1,734 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of Kraft Heinz in the fourth quarter valued at $374,000. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 15.3% during the third quarter. Vanguard Group Inc. now owns 67,502,147 shares of the company’s stock valued at $2,251,197,000 after buying an additional 8,948,708 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Kraft Heinz by 13.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,831 shares of the company’s stock worth $197,000 after purchasing an additional 574 shares in the last quarter. Institutional investors own 68.80% of the company’s stock.

Kraft Heinz Trading Down 0.8 %

Kraft Heinz stock opened at $36.88 on Friday. The company has a market capitalization of $45.26 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $32.73 and a 12 month high of $42.80. The business’s fifty day simple moving average is $39.14 and its two-hundred day simple moving average is $39.52.

Kraft Heinz (NASDAQ:KHC – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Kraft Heinz had a return on equity of 7.26% and a net margin of 9.00%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that The Kraft Heinz Company will post 2.88 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Monday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently 81.63%.

Insiders Place Their Bets

In other news, CAO Lande Rashida La sold 25,000 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $41.00, for a total value of $1,025,000.00. Following the completion of the sale, the chief accounting officer now directly owns 234,084 shares of the company’s stock, valued at $9,597,444. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Kraft Heinz from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, April 18th. The Goldman Sachs Group upped their price objective on shares of Kraft Heinz from $45.00 to $48.00 in a research report on Wednesday, May 3rd. Stifel Nicolaus lifted their target price on shares of Kraft Heinz from $44.00 to $46.00 in a research report on Thursday, May 4th. Bank of America raised their price objective on shares of Kraft Heinz from $48.00 to $50.00 in a research report on Thursday, May 4th. Finally, UBS Group increased their target price on Kraft Heinz from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.79.

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.