Cetera Advisors LLC Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Cetera Advisors LLC lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 187.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,354 shares of the company’s stock after buying an additional 80,396 shares during the quarter. Cetera Advisors LLC’s holdings in Kraft Heinz were worth $4,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Kraft Heinz by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 70,398,831 shares of the company’s stock worth $2,603,349,000 after purchasing an additional 183,234 shares during the period. Capital World Investors increased its holdings in shares of Kraft Heinz by 83.4% in the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after acquiring an additional 3,961,872 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kraft Heinz by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,577,285 shares of the company’s stock valued at $169,268,000 after acquiring an additional 137,169 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kraft Heinz by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock valued at $113,960,000 after acquiring an additional 474,758 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Kraft Heinz by 56.7% in the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after acquiring an additional 1,027,636 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 directly 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 can be accessed through this link. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KHC. Wells Fargo & Company increased their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays raised their price target on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Piper Sandler dropped their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average target price of $37.58.

Kraft Heinz Stock Performance

Kraft Heinz stock traded up $0.66 during mid-day trading on Friday, reaching $36.06. 15,882,140 shares of the company were exchanged, compared to its average volume of 8,236,811. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The firm’s 50-day simple moving average is $33.34 and its two-hundred day simple moving average is $35.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 1.01. The firm has a market cap of $43.60 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The business 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 7.38% and a net margin of 7.30%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. Equities analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $0.40 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.44%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Kraft Heinz 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.