Tidal Investments LLC Buys 9,327 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Tidal Investments LLC boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,901 shares of the company’s stock after purchasing an additional 9,327 shares during the quarter. Tidal Investments LLC’s holdings in Kraft Heinz were worth $2,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. TCW Group Inc. bought a new stake in Kraft Heinz during the fourth quarter valued at about $1,098,000. Shell Asset Management Co. boosted its position in 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 holdings in Kraft Heinz by 120.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock worth $5,079,000 after acquiring an additional 75,149 shares in the last quarter. Bridgewater Associates LP boosted its holdings in Kraft Heinz by 7.7% in the fourth quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after acquiring an additional 118,260 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Kraft Heinz by 13.2% in the first quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock worth $74,053,000 after acquiring an additional 234,783 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC stock traded down $0.02 during trading on Thursday, hitting $35.19. 3,850,812 shares of the company traded hands, compared to its average volume of 7,972,503. The stock’s 50-day simple moving average is $33.35 and its 200 day simple moving average is $35.33. 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 company has a market cap of $42.73 billion, a PE ratio of 15.33, a P/E/G ratio of 3.40 and a beta of 0.53. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. Kraft Heinz’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. On average, equities analysts expect that The Kraft Heinz Company will post 2.99 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Ratings Changes

KHC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company raised their price target on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays lowered their price target on Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Finally, Piper Sandler lowered their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.42.

Insider Activity

In other news, insider Lande Rashida La sold 10,140 shares of the business’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 directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.