The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 1.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 51,378 shares of the company’s stock after selling 995 shares during the quarter. SVB Wealth LLC’s holdings in Kraft Heinz were worth $1,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. NBT Bank N A NY boosted its holdings in Kraft Heinz by 2.2% in the first quarter. NBT Bank N A NY now owns 12,785 shares of the company’s stock valued at $472,000 after purchasing an additional 270 shares during the last quarter. Welch Group LLC increased its stake in shares of Kraft Heinz by 1.9% in the first quarter. Welch Group LLC now owns 14,868 shares of the company’s stock worth $549,000 after buying an additional 272 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Kraft Heinz by 13.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock worth $89,000 after purchasing an additional 282 shares in the last quarter. Archer Investment Corp raised its stake in Kraft Heinz by 2.0% during the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after buying an additional 294 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its position in shares of Kraft Heinz by 3.1% in the 4th quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on KHC. 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 report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. 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 research note on Thursday, June 27th. Barclays decreased their target price on Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Finally, Citigroup dropped their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded up $0.23 during trading on Tuesday, reaching $33.65. The company had a trading volume of 1,159,110 shares, compared to its average volume of 7,836,064. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The firm has a market capitalization of $40.86 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 3.35 and a beta of 0.53. The firm’s fifty day moving average is $33.41 and its 200 day moving average is $35.35. 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 issued its 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. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts forecast that The Kraft Heinz Company will post 2.99 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 issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.75%. Kraft Heinz’s dividend payout ratio (DPR) 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 firm’s stock in a transaction that occurred on 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 owns 158,266 shares in the company, valued at approximately $5,689,662.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.