Virtu Financial LLC Has $889,000 Stock Holdings in Kraft Heinz Company (NASDAQ:KHC)

Key Points

• Virtu Financial LLC reduced its stake in Kraft Heinz by 85.4% in the first quarter, holding 29,212 shares worth approximately $889,000 after selling 170,542 shares.
• Several institutional investors increased their holdings in Kraft Heinz, with Klingenstein Fields & Co. LP and others enhancing their stakes between 1.6% and 4.6% in the last quarters.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, which represents an annual yield of 5.9%, with the payout scheduled for September 26th.

Virtu Financial LLC decreased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 85.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,212 shares of the company's stock after selling 170,542 shares during the period. Virtu Financial LLC's holdings in Kraft Heinz were worth $889,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rossby Financial LCC acquired a new stake in Kraft Heinz in the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz in the 1st quarter valued at about $33,000. Investment Management Corp VA ADV increased its holdings in shares of Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after purchasing an additional 669 shares during the period. Pinney & Scofield Inc. acquired a new position in Kraft Heinz in the fourth quarter worth approximately $38,000. Finally, Abound Wealth Management increased its holdings in Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after buying an additional 1,157 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $0.37 during midday trading on Thursday, reaching $27.65. The company's stock had a trading volume of 15,032,417 shares, compared to its average volume of 13,519,363. The business's fifty day simple moving average is $27.00 and its 200-day simple moving average is $28.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The company has a market capitalization of $32.73 billion, a P/E ratio of -6.16, a P/E/G ratio of 3.26 and a beta of 0.23. Kraft Heinz Company has a fifty-two week low of $25.44 and a fifty-two week high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same quarter in the previous year, the business posted $0.78 EPS. Kraft Heinz's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts expect 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 will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.8%. Kraft Heinz's payout ratio is presently -35.63%.

Analysts Set New Price Targets

Several equities analysts have commented on KHC shares. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group increased their price objective on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz has an average rating of "Hold" and a consensus target price of $30.22.

Insider Buying and Selling at Kraft Heinz

In related news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares of the company's stock, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company's stock.

About Kraft Heinz

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.