Cory Onell Sells 4,076 Shares of The Kraft Heinz Company (NASDAQ:KHC) Stock

The Kraft Heinz Company (NASDAQ:KHC) insider Cory Onell sold 4,076 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the sale, the insider now owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kraft Heinz Trading Up 1.6 %

Shares of Kraft Heinz stock opened at $35.21 on Friday. The firm has a market cap of $42.76 billion, a PE ratio of 15.38, a P/E/G ratio of 3.52 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. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.61. The stock has a fifty day moving average price of $33.34 and a 200-day moving average price of $35.25.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. Equities research analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.54%. Kraft Heinz’s payout ratio is 69.87%.

Analysts Set New Price Targets

Several research analysts have weighed in on KHC shares. Evercore ISI lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Citigroup dropped their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company raised their target price on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased 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, July 31st. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.58.

Institutional Trading of Kraft Heinz

Large investors have recently bought and sold shares of the company. Steward Partners Investment Solutions LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new position in Kraft Heinz in the 1st quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Kraft Heinz during the 4th quarter valued at $32,000. Asset Dedication LLC lifted its position in shares of Kraft Heinz by 94.8% during the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after acquiring an additional 476 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Kraft Heinz in the second quarter worth $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

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.