Unison Advisors LLC Makes New Investment in Kraft Heinz Company (NASDAQ:KHC)

Unison Advisors LLC purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 98,000 shares of the company's stock, valued at approximately $2,982,000.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at $33,000. Pinney & Scofield Inc. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $38,000. Abound Wealth Management lifted its stake in shares of Kraft Heinz by 1,157.0% in the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Capital Analysts LLC lifted its stake in shares of Kraft Heinz by 50.5% in the 4th quarter. Capital Analysts LLC now owns 1,507 shares of the company's stock valued at $47,000 after purchasing an additional 506 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the subject of several analyst reports. UBS Group reduced their price objective on shares of Kraft Heinz from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Cfra Research lowered shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Citigroup reaffirmed a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus cut their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of "Hold" and an average price target of $30.29.

Insiders Place Their Bets

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

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 traded hands, compared to its average volume of 19,020,060. The stock's fifty day moving average is $26.77 and its 200 day moving average is $28.56. The stock has a market cap of $33.94 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 3.36 and a beta of 0.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Equities research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

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

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.