2 weeks Ago By ABMN Staff
Prospera Financial Services Inc lowered its stake in shares of The Kraft Heinz Company ( NASDAQ:KHC – Free Report ) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,122 shares of the company’s stock after selling 1,208 shares during the quarter.
Prospera Financial Services Inc’s holdings in Kraft Heinz were worth $601,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds have also modified their holdings of the company. MADDEN SECURITIES Corp grew its holdings in shares of Kraft Heinz by 2.
4% during the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after purchasing an additional 303 shares during the last quarter. HB Wealth Management LLC lifted its stake in Kraft Heinz by 2.
5% in the second quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock valued at $419,000 after buying an additional 314 shares during the last quarter. Axiom Advisory LLC grew its position in shares of Kraft Heinz by 5.
2% during the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after acquiring an additional 327 shares during the last quarter. Norden Group LLC increased its holdings in shares of Kraft Heinz by 3.
8% in the 2nd quarter. Norden Group LLC now owns 9,321 shares of the company’s stock valued at $300,000 after acquiring an additional 339 shares during the period. Finally, Valley Wealth Managers Inc.
raised its position in Kraft Heinz by 46.4% in the 2nd quarter. Valley Wealth Managers Inc.
now owns 1,073 shares of the company’s stock valued at $35,000 after purchasing an additional 340 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Stock Performance NASDAQ:KHC opened at $31.81 on Friday. The company has a current ratio of 1.
06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.
The company has a market capitalization of $38.46 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 3.
55 and a beta of 0.49. The firm has a 50-day moving average price of $34.
08 and a two-hundred day moving average price of $34.26. The Kraft Heinz Company has a twelve month low of $30.
40 and a twelve month high of $38.96. Kraft Heinz Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th.
Investors of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.
60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, November 29th.
Kraft Heinz’s payout ratio is currently 144.14%. Insider Buying and Selling In other news, EVP Pedro F.
P. Navio sold 45,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 168,195 shares in the company, valued at $5,626,122.
75. This trade represents a 21.11 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . 0.32% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In KHC has been the topic of a number of analyst reports. Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.
00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus lowered Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.
00 in a report on Friday, October 25th. 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. Mizuho lowered their price target on shares of Kraft Heinz from $43.00 to $41.
00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup reduced their price objective on shares of Kraft Heinz from $39.00 to $38.
00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.55. Check Out Our Latest Stock Analysis on Kraft Heinz Kraft Heinz Company 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. See Also 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 ).
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