The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,310 shares of the company’s stock after selling 2,093 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Kraft Heinz were worth $971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Steward Partners Investment Solutions LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz during the 4th quarter valued at $32,000. Transcendent Capital Group LLC acquired a new stake in Kraft Heinz during the 4th quarter valued at $38,000. AlphaMark Advisors LLC grew its holdings in Kraft Heinz by 128.9% during the 1st quarter. AlphaMark Advisors LLC now owns 1,181 shares of the company’s stock valued at $44,000 after buying an additional 665 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in Kraft Heinz by 409.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock valued at $44,000 after buying an additional 954 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Down 0.0 %

Shares of KHC traded down $0.01 during trading hours on Monday, hitting $33.35. The stock had a trading volume of 2,564,096 shares, compared to its average volume of 7,846,058. The company’s fifty day simple moving average is $33.46 and its 200 day simple moving average is $35.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 1.09. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The firm has a market cap of $40.50 billion, a P/E ratio of 14.58, a P/E/G ratio of 3.35 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts forecast that The Kraft Heinz Company will post 2.99 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.80%. The ex-dividend date was Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KHC shares. Citigroup lowered their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays reduced their price target on Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. Piper Sandler reduced their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Bank of America reduced their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Insider Buying and Selling at Kraft Heinz

In other news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently 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.