FLC Capital Advisors Acquires 1,434 Shares of Kraft Heinz Company $KHC

FLC Capital Advisors raised its position in Kraft Heinz Company (NASDAQ:KHC) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 27,729 shares of the company’s stock after buying an additional 1,434 shares during the period. FLC Capital Advisors’ holdings in Kraft Heinz were worth $716,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock valued at $481,000 after purchasing an additional 3,468 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in Kraft Heinz by 81.6% during the first quarter. Kingswood Wealth Advisors LLC now owns 12,137 shares of the company’s stock worth $369,000 after buying an additional 5,455 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Kraft Heinz by 1.6% in the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock valued at $779,000 after purchasing an additional 397 shares during the last quarter. Blue Trust Inc. grew its position in shares of Kraft Heinz by 11.9% in the first quarter. Blue Trust Inc. now owns 4,455 shares of the company’s stock valued at $136,000 after purchasing an additional 474 shares during the last quarter. Finally, Stonegate Investment Group LLC grew its position in shares of Kraft Heinz by 15.2% in the first quarter. Stonegate Investment Group LLC now owns 32,523 shares of the company’s stock valued at $990,000 after purchasing an additional 4,291 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $25.52 on Monday. The company has a market cap of $30.21 billion, a P/E ratio of -5.68, a P/E/G ratio of 2.99 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a 52-week low of $24.80 and a 52-week high of $36.31. The firm’s fifty day moving average is $26.54 and its two-hundred day moving average is $27.22.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. The firm had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. As a group, analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s payout ratio is currently -35.63%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KHC shares. Barclays reduced their price target on Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Friday, October 10th. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Jefferies Financial Group reduced their target price on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. Finally, Morgan Stanley cut their price target on Kraft Heinz from $29.00 to $28.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Reduce” and a consensus price target of $28.65.

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.