Disciplined Equity Management Inc. Takes $1.07 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Disciplined Equity Management Inc. purchased a new position in The Kraft Heinz Company (NASDAQ:KHC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,110 shares of the company’s stock, valued at approximately $1,074,000. Kraft Heinz comprises 0.7% of Disciplined Equity Management Inc.’s holdings, making the stock its 22nd largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. TCW Group Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $1,098,000. Shell Asset Management Co. lifted its holdings in shares of Kraft Heinz by 251.3% during the fourth quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock valued at $1,251,000 after purchasing an additional 24,199 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Kraft Heinz by 120.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock valued at $5,079,000 after buying an additional 75,149 shares during the last quarter. Bridgewater Associates LP increased its holdings in Kraft Heinz by 7.7% in the 4th quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after buying an additional 118,260 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after buying an additional 3,916 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America dropped their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler reduced their price target on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, June 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.42.

Kraft Heinz Trading Up 0.8 %

Shares of KHC traded up $0.26 during midday trading on Thursday, hitting $32.18. The stock had a trading volume of 7,466,504 shares, compared to its average volume of 7,931,187. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The stock’s 50 day moving average is $34.21 and its 200 day moving average is $35.77. The firm has a market cap of $39.08 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.59 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 7.41% and a net margin of 10.62%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. As a group, analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were paid a $0.40 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.97%. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.87%.

Insiders Place Their Bets

In related news, insider Lande Rashida La sold 10,140 shares of Kraft Heinz stock in a transaction dated Monday, May 6th. The stock was 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 directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by company insiders.

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.