GFS Advisors LLC Purchases Shares of 137,125 Kraft Heinz Company $KHC

GFS Advisors LLC purchased a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 137,125 shares of the company’s stock, valued at approximately $3,541,000.

Other hedge funds have also modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $33,000. Investment Management Corp VA ADV raised its position in shares of Kraft Heinz by 141.7% in the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after purchasing an additional 669 shares during the last quarter. Abound Wealth Management raised its position in shares of Kraft Heinz by 1,157.0% in the 1st 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 last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Kraft Heinz in the 1st quarter valued at approximately $40,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kraft Heinz

In other news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the sale, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the company an “equal weight” rating in a research report on Wednesday, September 3rd. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. UBS Group decreased their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $29.53.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.15 on Friday. The stock has a market capitalization of $29.77 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 2.94 and a beta of 0.16. Kraft Heinz Company has a 12 month low of $24.85 and a 12 month high of $36.31. The firm’s 50 day simple moving average is $26.74 and its 200-day simple moving average is $27.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio (DPR) is presently -35.63%.

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.