Atria Wealth Solutions Inc. Sells 14,049 Shares of Kraft Heinz Company $KHC

Atria Wealth Solutions Inc. lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 34.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,691 shares of the company's stock after selling 14,049 shares during the period. Atria Wealth Solutions Inc.'s holdings in Kraft Heinz were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KHC. Klingenstein Fields & Co. LP lifted its holdings in shares of Kraft Heinz by 4.6% during the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company's stock worth $239,000 after buying an additional 344 shares in the last quarter. Meeder Advisory Services Inc. raised its stake in Kraft Heinz by 2.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company's stock worth $459,000 after purchasing an additional 393 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in Kraft Heinz by 1.6% in the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock worth $779,000 after purchasing an additional 397 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Kraft Heinz by 0.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock valued at $2,101,000 after purchasing an additional 397 shares during the period. Finally, one8zero8 LLC grew its position in shares of Kraft Heinz by 5.5% during the 1st quarter. one8zero8 LLC now owns 7,964 shares of the company's stock worth $242,000 after purchasing an additional 414 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Kraft Heinz from $29.00 to $28.00 in a research report on Thursday. Weiss Ratings reissued a "sell (d)" rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price target on Kraft Heinz from $28.00 to $24.00 and set a "hold" rating on the stock in a research report on Wednesday. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. Finally, Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has a consensus rating of "Reduce" and an average price target of $28.65.

Kraft Heinz Trading Up 1.6%

Shares of KHC stock opened at $25.52 on Friday. The stock's fifty day moving average price is $26.54 and its two-hundred day moving average price is $27.24. The company has a market cap of $30.21 billion, a PE ratio of -5.68, a P/E/G ratio of 2.99 and a beta of 0.16. Kraft Heinz Company has a fifty-two week low of $24.80 and a fifty-two week high of $36.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $6.39 billion for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. Equities analysts predict that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz's dividend payout ratio (DPR) is currently -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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