The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 41.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,714 shares of the company’s stock after purchasing an additional 3,128 shares during the period. GAMMA Investing LLC’s holdings in Kraft Heinz were worth $345,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz during the 4th quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $32,000. Transcendent Capital Group LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $38,000. Finally, AlphaMark Advisors LLC boosted its position in shares of 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 purchasing an additional 665 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded down $0.84 during trading on Monday, reaching $35.22. The company’s stock had a trading volume of 10,047,235 shares, compared to its average volume of 8,082,518. The stock has a market capitalization of $42.58 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $33.34 and a two-hundred day moving average price of $35.28.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.40 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.54%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Analyst Ratings Changes

KHC has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday. Piper Sandler dropped their price target on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Evercore ISI lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays lifted their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and an average target price of $37.58.

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.