Rehmann Capital Advisory Group Acquires 1,125 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Rehmann Capital Advisory Group raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,596 shares of the company’s stock after purchasing an additional 1,125 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Kraft Heinz were worth $1,092,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KHC. Steward Partners Investment Solutions LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Kraft Heinz during the fourth quarter worth about $32,000. BKM Wealth Management LLC bought a new stake in Kraft Heinz during the fourth quarter worth about $33,000. Transcendent Capital Group LLC bought a new stake in Kraft Heinz during the fourth quarter worth about $38,000. Finally, Headinvest LLC bought a new stake in Kraft Heinz in the third quarter valued at approximately $38,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of KHC traded down $0.02 during trading hours on Wednesday, reaching $31.91. The stock had a trading volume of 3,567,569 shares, compared to its average volume of 7,907,647. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $38.96. The stock has a market capitalization of $38.75 billion, a PE ratio of 13.96, a PEG ratio of 2.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 1.09. The company’s 50-day moving average is $34.30 and its two-hundred day moving average is $35.80.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. Kraft Heinz’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. Research analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Thursday, June 6th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Insider Buying and Selling

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now directly owns 158,266 shares in the company, valued at approximately $5,689,662.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KHC has been the topic of several research reports. Wells Fargo & Company decreased their target price on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 27th. Bank of America decreased their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Piper Sandler decreased their target price on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.42.

Kraft Heinz Company 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.