Alpha Paradigm Partners LLC Lowers Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Alpha Paradigm Partners LLC cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 36.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,329 shares of the company’s stock after selling 4,199 shares during the period. Alpha Paradigm Partners LLC’s holdings in The Kraft Heinz were worth $299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bbva USA purchased a new stake in shares of The Kraft Heinz during the 2nd quarter valued at $28,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of The Kraft Heinz during the 1st quarter valued at $30,000. Harvest Fund Management Co. Ltd acquired a new position in shares of The Kraft Heinz during the 1st quarter valued at $32,000. BDO Wealth Advisors LLC lifted its holdings in shares of The Kraft Heinz by 64.1% during the 1st quarter. BDO Wealth Advisors LLC now owns 855 shares of the company’s stock valued at $34,000 after acquiring an additional 334 shares in the last quarter. Finally, PNC Managed Account Solutions Inc. acquired a new position in shares of The Kraft Heinz during the 2nd quarter valued at $36,000. 61.25% of the stock is owned by institutional investors.

Shares of KHC stock opened at $36.80 on Thursday. The Kraft Heinz Company has a 12 month low of $29.21 and a 12 month high of $44.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 0.87. The firm has a market capitalization of $45.02 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.70 and a beta of 1.12. The company’s fifty day moving average price is $36.71 and its two-hundred day moving average price is $39.68.

The Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, August 4th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.55 billion. The Kraft Heinz had a net margin of 8.20% and a return on equity of 7.34%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 2.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 24th. Stockholders of record on Wednesday, September 1st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Tuesday, August 31st. The Kraft Heinz’s payout ratio is currently 55.56%.

In other news, insider Marcos Eloi Lima sold 41,929 shares of the business’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $36.44, for a total value of $1,527,892.76. Following the completion of the sale, the insider now owns 191,620 shares of the company’s stock, valued at approximately $6,982,632.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

Several research firms recently weighed in on KHC. Morgan Stanley began coverage on shares of The Kraft Heinz in a report on Tuesday, September 21st. They set a “hold” rating and a $37.00 target price on the stock. Credit Suisse Group reduced their target price on shares of The Kraft Heinz from $38.00 to $33.00 and set an “underperform” rating on the stock in a report on Thursday, August 5th. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating and set a $43.00 price objective on the stock. in a report on Wednesday, June 30th. Finally, Piper Sandler cut their price objective on shares of The Kraft Heinz from $41.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, August 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.90.

The Kraft Heinz Profile

The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015 and is headquartered in Pittsburgh, PA.

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Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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