Blue Trust Inc. Buys 5,750 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Blue Trust Inc. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 157.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,395 shares of the company’s stock after purchasing an additional 5,750 shares during the quarter. Blue Trust Inc.’s holdings in Kraft Heinz were worth $303,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KHC. Brookstone Capital Management raised its holdings in shares of Kraft Heinz by 166.7% during the 1st quarter. Brookstone Capital Management now owns 72,083 shares of the company’s stock worth $2,660,000 after buying an additional 45,058 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in Kraft Heinz by 409.4% during the first quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock worth $44,000 after acquiring an additional 954 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of Kraft Heinz by 8.7% in the first quarter. Hennessy Advisors Inc. now owns 138,900 shares of the company’s stock worth $5,125,000 after acquiring an additional 11,100 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Kraft Heinz by 16.0% in the 1st quarter. Financial Management Professionals Inc. now owns 8,931 shares of the company’s stock valued at $330,000 after purchasing an additional 1,231 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Kraft Heinz by 2,049.0% during the 1st quarter. MCF Advisors LLC now owns 2,235 shares of the company’s stock valued at $82,000 after purchasing an additional 2,131 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $35.03 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53. The Kraft Heinz Company has a one year low of $31.08 and a one year high of $38.96. The business’s 50 day simple moving average is $35.27 and its 200 day simple moving average is $34.93. The stock has a market capitalization of $42.54 billion, a PE ratio of 15.30, a PEG ratio of 3.39 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the firm posted $0.79 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Ratings Changes

Several brokerages recently commented on KHC. The Goldman Sachs Group initiated coverage on shares of Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 price objective for the company. Evercore ISI dropped their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Barclays boosted their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Citigroup cut their price target on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $37.55.

Insider Activity

In other news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is owned by company insiders.

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.