XML Financial LLC boosted its stake in The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,148 shares of the company’s stock after acquiring an additional 1,427 shares during the period. XML Financial LLC’s holdings in Kraft Heinz were worth $220,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC boosted its holdings in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz in the 3rd quarter valued at approximately $27,000. Sawyer & Company Inc acquired a new position in Kraft Heinz during the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares in the last quarter. Finally, Bangor Savings Bank acquired a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $32,000. 78.17% of the stock is owned by hedge funds and other institutional investors.
Kraft Heinz Stock Performance
NASDAQ KHC opened at $29.07 on Friday. 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 fifty-two week low of $28.37 and a fifty-two week high of $38.96. The business has a fifty day moving average of $30.62 and a 200-day moving average of $33.16. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.50 and a beta of 0.48.
Kraft Heinz Announces Dividend
The company also recently announced 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 annualized dividend and a yield of 5.50%. Kraft Heinz’s payout ratio is currently 144.14%.
Insider Buying and Selling at Kraft Heinz
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 value of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on KHC. Evercore ISI reiterated an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Piper Sandler reiterated a “neutral” rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $38.00 in a report on Friday, October 25th. Finally, Barclays decreased their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $35.23.
Check Out Our Latest Stock Report on KHC
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.
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