Arkadios Wealth Advisors Purchases 46,666 Shares of Kraft Heinz Company (NASDAQ:KHC)

Key Points

• Arkadios Wealth Advisors increased its stake in Kraft Heinz Company by 178.6% in Q1, owning 72,789 shares worth approximately $2.22 million.
• Kraft Heinz reported an earnings per share (EPS) of $0.69 for the last quarter, exceeding analysts' expectations of $0.64, but showed a 1.9% revenue decline year-over-year.
• The company declared a quarterly dividend of $0.40 per share, resulting in a yield of 5.8%, with the payout set for September 26th.

Arkadios Wealth Advisors lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 178.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,789 shares of the company's stock after acquiring an additional 46,666 shares during the quarter. Arkadios Wealth Advisors' holdings in Kraft Heinz were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hara Capital LLC lifted its stake in shares of Kraft Heinz by 61.9% in the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after purchasing an additional 650 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Kraft Heinz by 45.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 85,122 shares of the company's stock worth $2,614,000 after buying an additional 26,641 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Kraft Heinz by 39.6% during the 4th quarter. Wellington Management Group LLP now owns 176,864 shares of the company's stock worth $5,431,000 after buying an additional 50,211 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after buying an additional 595,406 shares during the period. Finally, Bryce Point Capital LLC bought a new stake in shares of Kraft Heinz in the 4th quarter valued at $818,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.2%

NASDAQ:KHC traded down $0.05 on Friday, hitting $27.41. The stock had a trading volume of 16,933,701 shares, compared to its average volume of 17,301,668. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. The firm's fifty day simple moving average is $26.87 and its two-hundred day simple moving average is $28.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $32.44 billion, a P/E ratio of -6.10, a price-to-earnings-growth ratio of 3.21 and a beta of 0.23.

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

Kraft Heinz Dividend Announcement

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

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz 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 approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. DZ Bank downgraded Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Friday, May 9th. UBS Group upped their price target on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $30.35.

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.