Y Intercept Hong Kong Ltd Buys Shares of 98,931 Kraft Heinz Company (NASDAQ:KHC)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 98,931 shares of the company's stock, valued at approximately $3,010,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KHC. Rossby Financial LCC purchased a new stake in Kraft Heinz in the first quarter worth $29,000. Wayfinding Financial LLC purchased a new stake in Kraft Heinz in the first quarter worth $33,000. Pinney & Scofield Inc. bought a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $38,000. Abound Wealth Management raised its position in shares of Kraft Heinz by 1,157.0% in the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after purchasing an additional 1,157 shares during the period. Finally, Capital Analysts LLC raised its position in shares of Kraft Heinz by 50.5% in the fourth quarter. Capital Analysts LLC now owns 1,507 shares of the company's stock valued at $47,000 after purchasing an additional 506 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of 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 position. The transaction 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.

Kraft Heinz Price Performance

KHC stock traded down $0.10 during mid-day trading on Friday, hitting $28.68. 8,521,402 shares of the stock were exchanged, compared to its average volume of 19,020,060. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. Kraft Heinz Company has a 12 month low of $25.44 and a 12 month high of $36.53. The business has a fifty day moving average price of $26.77 and a 200 day moving average price of $28.56. The stock has a market capitalization of $33.94 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 3.36 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the firm earned $0.69 EPS. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a report on Friday, May 9th. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Citigroup reaffirmed a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Wells Fargo & Company raised their price target on Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus cut their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, Kraft Heinz has an average rating of "Hold" and a consensus price target of $30.29.

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.