The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Gradient Investments LLC

Gradient Investments LLC reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 22.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,334 shares of the company’s stock after selling 388 shares during the period. Gradient Investments LLC’s holdings in Kraft Heinz were worth $49,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KHC. FSC Wealth Advisors LLC raised its position in Kraft Heinz by 23.4% in the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after purchasing an additional 270 shares during the period. Ancora Advisors LLC raised its holdings in shares of Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after buying an additional 272 shares during the period. Econ Financial Services Corp raised its holdings in shares of Kraft Heinz by 0.6% in the 3rd 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 during the period. Kensington Investment Counsel LLC raised its holdings in shares of Kraft Heinz by 1.4% in the 4th quarter. Kensington Investment Counsel LLC now owns 23,696 shares of the company’s stock valued at $965,000 after buying an additional 330 shares during the period. Finally, Personal CFO Solutions LLC raised its holdings in shares of Kraft Heinz by 3.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 11,176 shares of the company’s stock valued at $376,000 after buying an additional 331 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 1.0 %

NASDAQ:KHC opened at $36.90 on Monday. The stock has a 50-day simple moving average of $35.93 and a 200-day simple moving average of $35.06. The stock has a market cap of $44.86 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.92 and a beta of 0.67. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.01. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.34%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KHC. Wells Fargo & Company cut their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Citigroup began coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Evercore ISI upgraded Kraft Heinz from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $42.00 in a report on Monday, December 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $40.57.

Insider Activity at Kraft Heinz

In related news, Director Miguel Patricio sold 131,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $4,999,630.00. Following the completion of the sale, the director now directly owns 992,049 shares of the company’s stock, valued at approximately $37,717,702.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

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.