First Horizon Advisors Inc. grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 34.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,356 shares of the company’s stock after acquiring an additional 601 shares during the period. First Horizon Advisors Inc.’s holdings in The Kraft Heinz were worth $93,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of KHC. Concord Wealth Partners purchased a new position in shares of The Kraft Heinz during the fourth quarter valued at about $28,000. San Francisco Sentry Investment Group CA increased its position in shares of The Kraft Heinz by 534.2% during the first quarter. San Francisco Sentry Investment Group CA now owns 742 shares of the company’s stock valued at $30,000 after buying an additional 625 shares during the period. Inspire Advisors LLC purchased a new position in shares of The Kraft Heinz during the fourth quarter valued at about $32,000. Cypress Capital Management LLC WY purchased a new position in shares of The Kraft Heinz during the first quarter valued at about $32,000. Finally, DB Wealth Management Group LLC purchased a new position in shares of The Kraft Heinz during the fourth quarter valued at about $33,000. 60.92% of the stock is owned by hedge funds and other institutional investors.
Shares of The Kraft Heinz stock opened at $43.42 on Friday. The company has a market capitalization of $53.11 billion, a P/E ratio of 98.68, a price-to-earnings-growth ratio of 3.30 and a beta of 1.12. The firm’s 50 day moving average is $42.42. The Kraft Heinz Company has a twelve month low of $28.56 and a twelve month high of $44.95. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 0.54.
The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, April 29th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.12. The Kraft Heinz had a net margin of 2.05% and a return on equity of 7.43%. As a group, equities research analysts predict that The Kraft Heinz Company will post 2.66 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, May 28th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 27th. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. The Kraft Heinz’s dividend payout ratio (DPR) is 55.56%.
In other The Kraft Heinz news, Director John T. Cahill sold 209,488 shares of the stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $42.28, for a total value of $8,857,152.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruno Keller sold 19,725 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $43.53, for a total transaction of $858,629.25. Following the completion of the transaction, the insider now owns 162,131 shares in the company, valued at $7,057,562.43. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Kraft Heinz from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, April 21st. Piper Sandler restated a “neutral” rating and issued a $41.00 price objective on shares of The Kraft Heinz in a report on Wednesday, April 28th. Stifel Nicolaus upped their price objective on shares of The Kraft Heinz from $33.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, February 12th. JPMorgan Chase & Co. restated a “hold” rating and issued a $41.00 price objective on shares of The Kraft Heinz in a report on Sunday, March 14th. Finally, Credit Suisse Group upped their price objective on shares of The Kraft Heinz from $32.00 to $35.00 and gave the stock an “underperform” rating in a report on Tuesday, March 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.46.
The Kraft Heinz Company Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, nuts and salted snacks, refreshment beverages, coffee, infant and nutrition products, and other grocery products, as well as desserts, dressings, toppings, and baking.
Recommended Story: How liquidity affects the bid-ask spread
Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHC).