The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,346 shares of the company’s stock after selling 1,890 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Kraft Heinz were worth $433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in Kraft Heinz during the first quarter valued at $27,000. Asset Dedication LLC lifted its holdings in Kraft Heinz by 94.8% during the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Kraft Heinz during the second quarter valued at $34,000. Valley Wealth Managers Inc. lifted its holdings in Kraft Heinz by 46.4% during the second quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock valued at $35,000 after purchasing an additional 340 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Kraft Heinz during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.2 %

KHC stock traded up $0.42 during trading on Friday, reaching $34.59. 4,808,768 shares of the stock were exchanged, compared to its average volume of 7,901,155. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $35.12 and a 200-day moving average price of $35.04. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The firm has a market capitalization of $42.00 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 3.39 and a beta of 0.49.

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

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Barclays raised 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, August 1st. 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 research note on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.45.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now directly owns 143,970 shares in the company, valued at $5,182,920. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

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.