13,640 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Counterweight Ventures LLC

Counterweight Ventures LLC acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,640 shares of the company’s stock, valued at approximately $504,000.

Several other large investors have also recently modified their holdings of KHC. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $32,000. BKM Wealth Management LLC acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $33,000. Headinvest LLC acquired a new position in Kraft Heinz during the 3rd quarter valued at approximately $38,000. Finally, VisionPoint Advisory Group LLC increased its stake in Kraft Heinz by 326.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after purchasing an additional 936 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC traded down $0.16 during mid-day trading on Friday, reaching $32.38. 6,188,901 shares of the stock were exchanged, compared to its average volume of 7,464,971. The business’s 50 day moving average is $36.02 and its 200-day moving average is $36.26. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The company has a market capitalization of $39.32 billion, a P/E ratio of 14.14, a P/E/G ratio of 2.61 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 1.09.

Kraft Heinz (NASDAQ:KHC) last announced 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 firm 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 firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, equities research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 yield of 4.94%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s payout ratio is 69.87%.

Analysts Set New Price Targets

KHC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America increased their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Piper Sandler upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research note on Wednesday, May 22nd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.08.

Insider Buying and Selling at Kraft Heinz

In other news, insider Lande Rashida La sold 10,140 shares of the firm’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 transaction, the insider now directly owns 158,266 shares of the company’s stock, valued at $5,689,662.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.32% of the company’s stock.

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.