Ronald Blue Trust Inc. boosted its position in The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 45.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,516 shares of the company’s stock after purchasing an additional 2,044 shares during the period. Ronald Blue Trust Inc.’s holdings in Kraft Heinz were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Corrado Advisors LLC purchased a new position in shares of Kraft Heinz during the fourth quarter worth approximately $28,000. Heritage Wealth Management LLC purchased a new position in Kraft Heinz during the 4th quarter worth $29,000. Beirne Wealth Consulting Services LLC bought a new stake in Kraft Heinz during the 4th quarter valued at $30,000. ST Germain D J Co. Inc. purchased a new stake in shares of Kraft Heinz in the 4th quarter worth $30,000. Finally, Pittenger & Anderson Inc. bought a new position in shares of Kraft Heinz during the 3rd quarter worth $31,000. 72.13% of the stock is owned by institutional investors.
Kraft Heinz Stock Performance
Shares of Kraft Heinz stock opened at $35.02 on Friday. The company has a 50 day moving average price of $38.31 and a 200 day moving average price of $39.21. The firm has a market capitalization of $42.98 billion, a P/E ratio of 17.87, a PEG ratio of 2.77 and a beta of 0.69. The Kraft Heinz Company has a 52 week low of $32.73 and a 52 week high of $42.80. The company has a quick ratio of 0.47, a current ratio of 0.92 and a debt-to-equity ratio of 0.39.
Kraft Heinz Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 6th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 4.57%. Kraft Heinz’s dividend payout ratio (DPR) is presently 81.63%.
Insider Activity at Kraft Heinz
In other Kraft Heinz news, CAO Lande Rashida La sold 25,000 shares of Kraft Heinz stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $41.00, for a total transaction of $1,025,000.00. Following the completion of the transaction, the chief accounting officer now owns 234,084 shares in the company, valued at approximately $9,597,444. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research firms recently weighed in on KHC. The Goldman Sachs Group lifted their price objective on Kraft Heinz from $45.00 to $48.00 in a report on Wednesday, May 3rd. Morgan Stanley lowered their price target on shares of Kraft Heinz from $44.00 to $39.00 in a research report on Wednesday, June 14th. Stifel Nicolaus lifted their price objective on shares of Kraft Heinz from $44.00 to $46.00 in a report on Thursday, May 4th. Piper Sandler lowered their target price on Kraft Heinz from $43.00 to $41.00 in a report on Monday. Finally, StockNews.com cut Kraft Heinz from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $43.23.
Kraft Heinz Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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