2 weeks Ago By ABMN Staff
HB Wealth Management LLC grew its position in The Kraft Heinz Company ( NASDAQ:KHC – Free Report ) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,013 shares of the company’s stock after buying an additional 314 shares during the quarter.
HB Wealth Management LLC’s holdings in Kraft Heinz were worth $419,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in KHC. Capital World Investors raised its position in Kraft Heinz by 83.
4% during the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after purchasing an additional 3,961,872 shares in the last quarter. Mirae Asset Global Investments Co.
Ltd. raised its holdings in shares of Kraft Heinz by 346.9% during the 1st quarter.
Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock worth $57,799,000 after buying an additional 1,179,863 shares in the last quarter.
Nordea Investment Management AB lifted its position in shares of Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock worth $104,929,000 after buying an additional 1,027,636 shares during the last quarter.
Swedbank AB acquired a new stake in Kraft Heinz in the first quarter valued at about $25,298,000. Finally, Ilex Capital Partners UK LLP grew its position in Kraft Heinz by 34.7% in the first quarter.
Ilex Capital Partners UK LLP now owns 2,616,278 shares of the company’s stock valued at $96,541,000 after acquiring an additional 674,436 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.
Insider Activity at Kraft Heinz In other news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.
00. Following the transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at $5,182,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
0.32% of the stock is currently owned by corporate insiders. Kraft Heinz Price Performance Kraft Heinz ( NASDAQ:KHC – Get Free Report ) last released its earnings results on Wednesday, July 31st.
The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.
05. The company had revenue of $6.50 billion for 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%. Kraft Heinz’s quarterly revenue was down 3.3% compared to the same quarter last year.
During the same quarter in the previous year, the company earned $0.79 EPS. On average, equities analysts anticipate that The Kraft Heinz Company will post 3.
02 EPS for the current year. Kraft Heinz Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.
40 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.
60 annualized dividend and a dividend yield of 4.54%. Kraft Heinz’s dividend payout ratio is presently 69.
87%. Wall Street Analyst Weigh In KHC has been the subject of a number of research reports. Evercore ISI dropped their target price on shares of Kraft Heinz from $42.
00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Barclays increased their price objective on shares of Kraft Heinz from $34.
00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Bank of America lowered their price target on shares of Kraft Heinz from $42.
00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Piper Sandler cut their price objective on Kraft Heinz from $42.
00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Finally, Wells Fargo & Company upped their target price on Kraft Heinz from $34.
00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock.
Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.31.
Check Out Our Latest Stock Report on Kraft Heinz Kraft Heinz Profile ( Free Report ) 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. Featured Articles 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 – Free Report ). Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter .
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