M Holdings Securities Inc. Buys 50,167 Shares of Kraft Heinz Company $KHC

Key Points

• M Holdings Securities bought 50,167 Kraft Heinz shares in the third quarter, worth approximately $1.25 million. Institutional investors collectively own 78.17% of the company.
• Analyst sentiment is mostly cautious: the consensus rating is “Reduce,” with an average price target of $23.80. Shares opened at $24.41.
• Kraft Heinz beat quarterly earnings and revenue estimates, reporting $0.53 earnings per share and $6.12 billion in revenue, though revenue declined 2% year over year. It declared a $0.40 quarterly dividend, equivalent to a 6.6% yield at the reported share price.

M Holdings Securities Inc. acquired a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,167 shares of the company's stock, valued at approximately $1,250,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC purchased a new position in Kraft Heinz during the 1st quarter worth $27,000. Hara Capital LLC acquired a new position in Kraft Heinz in the 2nd quarter worth approximately $29,000. Fiduciary Financial Advisors acquired a new stake in shares of Kraft Heinz in the second quarter worth $33,000. Reyes Financial Architecture Inc. grew its position in Kraft Heinz by 5,820.8% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,421 shares of the company's stock worth $32,000 after purchasing an additional 1,397 shares during the period. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Kraft Heinz during the second quarter valued at approximately $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $24.00 price objective on shares of Kraft Heinz in a report on Wednesday, November 4th. Piper Sandler lifted their price target on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. UBS Group boosted their price target on shares of Kraft Heinz from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, November 5th. Wall Street Zen cut shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $32.00 price objective on shares of Kraft Heinz in a research report on Thursday, September 24th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $23.80.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $24.41 on Tuesday. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The stock has a market cap of $28.90 billion, a PE ratio of -8.54, a P/E/G ratio of 2.99 and a beta of 0.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. The stock has a 50 day moving average price of $23.98 and a 200 day moving average price of $23.93.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.11. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Friday, December 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. Kraft Heinz's payout ratio is presently -54.79%.

Kraft Heinz Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.