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Koss Olinger Consulting LLC Purchases 46,095 Shares of Kraft Heinz Company (NASDAQ:KHC)

Kraft Heinz logo with Consumer Staples background

Key Points

  • Koss Olinger Consulting LLC increased its stake in Kraft Heinz Company by 238.2% during the first quarter, holding shares valued at $1.99 million.
  • The company reported $0.69 EPS for the last quarter, exceeding expectations, but also experienced a 1.9% decline in revenue year-over-year.
  • Kraft Heinz announced a quarterly dividend of $0.40 per share, equating to a 5.8% yield, with the ex-dividend date set for August 29th.
  • Want stock alerts on Kraft Heinz? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Koss Olinger Consulting LLC boosted its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 238.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,446 shares of the company's stock after buying an additional 46,095 shares during the quarter. Koss Olinger Consulting LLC's holdings in Kraft Heinz were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hara Capital LLC boosted its stake in shares of Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 650 shares during the last quarter. Wellington Management Group LLP raised its holdings in Kraft Heinz by 39.6% in the fourth quarter. Wellington Management Group LLP now owns 176,864 shares of the company's stock valued at $5,431,000 after buying an additional 50,211 shares during the period. Bank of Nova Scotia raised its holdings in Kraft Heinz by 2.3% in the fourth quarter. Bank of Nova Scotia now owns 227,130 shares of the company's stock valued at $6,975,000 after buying an additional 5,125 shares during the period. Raymond James Financial Inc. purchased a new position in Kraft Heinz in the fourth quarter valued at approximately $39,339,000. Finally, Heritage Trust Co purchased a new position in Kraft Heinz in the fourth quarter valued at approximately $413,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KHC has been the topic of several research reports. UBS Group raised their price target on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Hsbc Global Res raised shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Finally, Stifel Nicolaus cut their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of "Hold" and an average price target of $30.35.

Get Our Latest Research Report on Kraft Heinz

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz 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 sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

Kraft Heinz Trading Up 0.4%

Kraft Heinz stock traded up $0.11 during midday trading on Friday, hitting $27.76. 9,265,738 shares of the stock were exchanged, compared to its average volume of 15,402,403. The company has a fifty day simple moving average of $26.93 and a two-hundred day simple moving average of $28.46. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The stock has a market capitalization of $32.86 billion, a PE ratio of -6.18, a P/E/G ratio of 3.23 and a beta of 0.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

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 negative net margin of 20.83% and a positive return on equity of 7.40%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

About Kraft Heinz

(Free Report)

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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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