Winch Advisory Services LLC Buys 380 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Winch Advisory Services LLC increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,274 shares of the company’s stock after buying an additional 380 shares during the quarter. Winch Advisory Services LLC’s holdings in Kraft Heinz were worth $70,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Kraft Heinz by 408.9% during the second quarter. American Century Companies Inc. now owns 586,370 shares of the company’s stock worth $18,893,000 after buying an additional 471,146 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Kraft Heinz by 18.6% during the second quarter. Thoroughbred Financial Services LLC now owns 6,446 shares of the company’s stock worth $207,000 after purchasing an additional 1,010 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at approximately $2,050,000. Finally, TAM Capital Management Inc. acquired a new position in shares of Kraft Heinz in the 2nd quarter worth approximately $391,000. 78.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KHC. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Mizuho lowered their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup decreased their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Barclays cut their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average target price of $35.58.

Kraft Heinz Trading Up 0.1 %

KHC stock opened at $28.73 on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a twelve month low of $28.42 and a twelve month high of $38.96. The company has a market cap of $34.74 billion, a P/E ratio of 25.88, a PEG ratio of 3.29 and a beta of 0.48. The business has a fifty day moving average of $31.04 and a 200-day moving average of $33.29.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. As a group, equities research analysts expect that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.57%. Kraft Heinz’s payout ratio is presently 144.14%.

Kraft Heinz Company 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.