6,840 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,840 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC increased its stake in shares of Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 270 shares during the period. Archer Investment Corp raised its stake in shares of Kraft Heinz by 2.0% during the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after buying an additional 294 shares in the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Kraft Heinz by 3.1% in the 4th quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock valued at $370,000 after buying an additional 300 shares during the period. Econ Financial Services Corp boosted its stake in shares of Kraft Heinz by 0.6% in the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock valued at $1,793,000 after buying an additional 310 shares in the last quarter. Finally, Kennedy Investment Group grew its holdings in Kraft Heinz by 1.1% during the fourth quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock worth $1,080,000 after acquiring an additional 319 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.2 %

Shares of NASDAQ KHC opened at $35.89 on Thursday. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $41.10. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $43.58 billion, a P/E ratio of 15.67, a PEG ratio of 2.91 and a beta of 0.65. The stock’s 50 day moving average price is $36.35 and its two-hundred day moving average price is $35.87.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. On average, analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.50.

Insider Buying and Selling at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares of the company’s stock, valued at $5,689,662.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is owned by company insiders.

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.