The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,132 shares of the company’s stock after purchasing an additional 1,284 shares during the period. Hexagon Capital Partners LLC’s holdings in Kraft Heinz were worth $250,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Kraft Heinz in the first quarter worth $27,000. Bangor Savings Bank purchased a new position in Kraft Heinz in the 3rd quarter valued at about $32,000. Asset Dedication LLC boosted its stake in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after purchasing an additional 476 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $38,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Kraft Heinz in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.5 %

NASDAQ:KHC opened at $34.83 on Friday. The stock has a market cap of $42.29 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 3.39 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The business has a fifty day moving average of $35.15 and a 200-day moving average of $35.02.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.59%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Ratings Changes

KHC has been the subject of a number of research reports. The Goldman Sachs Group began coverage on Kraft Heinz in a report on Monday, August 12th. They set a “sell” rating and a $34.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays raised their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.55.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of Kraft Heinz 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 transaction, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

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.