International Assets Investment Management LLC Purchases 1,281 Shares of The Kraft Heinz Company (NASDAQ:KHC)

International Assets Investment Management LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 11.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,558 shares of the company’s stock after acquiring an additional 1,281 shares during the period. International Assets Investment Management LLC’s holdings in Kraft Heinz were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in KHC. Federated Hermes Inc. lifted its holdings in shares of Kraft Heinz by 84.6% during the fourth quarter. Federated Hermes Inc. now owns 6,428 shares of the company’s stock valued at $238,000 after purchasing an additional 2,945 shares in the last quarter. Choreo LLC boosted its holdings in shares of Kraft Heinz by 40.4% during the 4th quarter. Choreo LLC now owns 11,125 shares of the company’s stock valued at $411,000 after acquiring an additional 3,204 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Kraft Heinz by 28.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 25,406 shares of the company’s stock valued at $939,000 after purchasing an additional 5,612 shares during the last quarter. LGT Group Foundation lifted its position in Kraft Heinz by 0.6% during the fourth quarter. LGT Group Foundation now owns 61,501 shares of the company’s stock valued at $2,260,000 after purchasing an additional 389 shares during the period. Finally, West Family Investments Inc. purchased a new stake in Kraft Heinz in the fourth quarter worth approximately $243,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 0.5 %

Shares of KHC stock opened at $35.43 on Friday. The stock’s 50-day moving average price is $33.77 and its 200-day moving average price is $35.05. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The stock has a market capitalization of $43.02 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.52%. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Barclays boosted their price target on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Piper Sandler lowered their price objective on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.31.

Insider Activity

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction dated 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 directly owns 143,970 shares in the company, valued at approximately $5,182,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

About Kraft Heinz

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.