Insider Selling: Kraft Heinz Company (NASDAQ:KHC) Director Sells 25,000 Shares of Stock

Kraft Heinz Company (NASDAQ:KHC - Get Free Report) Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the transaction, the director owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kraft Heinz Stock Performance

Shares of KHC traded down $0.10 during trading hours on Friday, reaching $28.68. 8,521,402 shares of the company's stock traded hands, compared to its average volume of 19,020,060. The firm has a market capitalization of $33.94 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 3.36 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The business's fifty day simple moving average is $26.77 and its two-hundred day simple moving average is $28.56.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company earned $0.69 earnings per share. The company's quarterly revenue was down 6.4% compared to the same quarter last year. Analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.58%. Kraft Heinz's dividend payout ratio is currently 73.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KHC shares. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Stifel Nicolaus dropped their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Wells Fargo & Company upped their price target on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.29.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the period. Norges Bank purchased a new stake in Kraft Heinz in the 4th quarter worth about $324,857,000. Pacer Advisors Inc. lifted its stake in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company's stock worth $226,523,000 after acquiring an additional 7,278,295 shares in the last quarter. Southeastern Asset Management Inc. TN purchased a new stake in Kraft Heinz in the 4th quarter worth about $87,080,000. Finally, Fairfax Financial Holdings Ltd. Can lifted its stake in Kraft Heinz by 341.9% in the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock worth $101,773,000 after acquiring an additional 2,564,000 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.