27,113 Shares in Kraft Heinz Company $KHC Acquired by M Holdings Securities Inc.

Key Points

• M Holdings Securities Inc. acquired 27,113 shares of Kraft Heinz Company, valued at approximately $825,000, in the first quarter of this year.
• Institutional investors currently own 78.17% of Kraft Heinz's stock, with various funds adjusting their holdings in recent months.
• Kraft Heinz recently announced a quarterly dividend of $0.40, which will be paid out on September 26th, reflecting an annualized yield of 5.8%.

M Holdings Securities Inc. bought a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,113 shares of the company's stock, valued at approximately $825,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in Kraft Heinz in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in Kraft Heinz in the 1st quarter worth approximately $33,000. Investment Management Corp VA ADV lifted its holdings in Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after purchasing an additional 669 shares during the last quarter. Pinney & Scofield Inc. acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $38,000. Finally, Abound Wealth Management lifted its holdings in Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after purchasing an additional 1,157 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho set a $29.00 price target on Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Stifel Nicolaus cut their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. UBS Group upped their price target on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, Hsbc Global Res upgraded Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.35.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $27.67 on Monday. The business has a fifty day simple moving average of $27.02 and a 200 day simple moving average of $28.38. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of -6.16, a PEG ratio of 3.22 and a beta of 0.23. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. The firm had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. Sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio is -35.63%.

Kraft Heinz 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.

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