Atria Wealth Solutions Inc. Has $698,000 Stake in Kraft Heinz Company $KHC

Atria Wealth Solutions Inc. decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 34.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,691 shares of the company’s stock after selling 14,049 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Kraft Heinz were worth $698,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KHC. GAMMA Investing LLC boosted its holdings in shares of Kraft Heinz by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock valued at $481,000 after acquiring an additional 3,468 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Kraft Heinz by 9.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 332,414 shares of the company’s stock valued at $10,115,000 after acquiring an additional 27,740 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Kraft Heinz by 84.5% during the 1st quarter. QRG Capital Management Inc. now owns 38,531 shares of the company’s stock valued at $1,173,000 after acquiring an additional 17,643 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Kraft Heinz by 81.6% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 12,137 shares of the company’s stock valued at $369,000 after acquiring an additional 5,455 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Kraft Heinz by 28.4% during the 1st quarter. State of Alaska Department of Revenue now owns 129,229 shares of the company’s stock valued at $3,931,000 after acquiring an additional 28,595 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC stock opened at $25.52 on Friday. The stock has a 50-day moving average price of $26.54 and a 200-day moving average price of $27.24. Kraft Heinz Company has a 1-year low of $24.80 and a 1-year high of $36.31. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a market cap of $30.21 billion, a PE ratio of -5.68, a price-to-earnings-growth ratio of 2.99 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm had revenue of $6.39 billion during the quarter. As a group, equities research analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, August 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 annualized dividend and a dividend yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is -35.63%.

Analyst Ratings Changes

Several research analysts recently issued reports on KHC shares. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Morgan Stanley lowered their target price on Kraft Heinz from $29.00 to $28.00 in a research report on Thursday. Stifel Nicolaus lowered their target price on Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. started coverage on Kraft Heinz in a research report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus target price of $28.65.

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.