Quintet Private Bank Europe S.A. Has $7.75 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Quintet Private Bank Europe S.A. boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 209,604 shares of the company’s stock after acquiring an additional 2,243 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Kraft Heinz were worth $7,751,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Counterweight Ventures LLC bought a new position in shares of Kraft Heinz during the fourth quarter worth $504,000. Syon Capital LLC bought a new position in shares of Kraft Heinz during the fourth quarter worth $302,000. Integrated Advisors Network LLC boosted its position in shares of Kraft Heinz by 2.4% during the fourth quarter. Integrated Advisors Network LLC now owns 12,881 shares of the company’s stock worth $476,000 after purchasing an additional 301 shares in the last quarter. GLOBALT Investments LLC GA bought a new position in shares of Kraft Heinz during the fourth quarter worth $7,743,000. Finally, Palogic Value Management L.P. boosted its position in shares of Kraft Heinz by 17.9% during the fourth quarter. Palogic Value Management L.P. now owns 14,929 shares of the company’s stock worth $552,000 after purchasing an additional 2,270 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KHC. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Bank of America boosted their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Piper Sandler raised 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 report on Wednesday, May 22nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.08.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded down $0.16 during trading on Friday, hitting $32.38. 6,188,901 shares of the stock were exchanged, compared to its average volume of 7,464,971. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.57. The company has a fifty day moving average price of $36.02 and a 200-day moving average price of $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 current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Kraft Heinz’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the business’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 approximately $5,689,662.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.