SL Advisors LLC Makes New $157,000 Investment in The Kraft Heinz Company (NASDAQ:KHC)

SL Advisors LLC bought a new position in The Kraft Heinz Company (NASDAQ:KHC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,465 shares of the company’s stock, valued at approximately $157,000.

Several other hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in Kraft Heinz by 251.3% in the 4th quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock worth $1,251,000 after buying an additional 24,199 shares during the period. Clifford Capital Partners LLC lifted its stake in Kraft Heinz by 21.4% in the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock worth $14,656,000 after acquiring an additional 80,101 shares during the period. Lazard Asset Management LLC increased its position in Kraft Heinz by 13.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock valued at $74,053,000 after purchasing an additional 234,783 shares during the period. Smith Thornton Advisors LLC bought a new position in Kraft Heinz in the 2nd quarter worth $654,000. Finally, GLOBALT Investments LLC GA purchased a new stake in shares of Kraft Heinz in the 4th quarter worth about $7,743,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 0.2 %

Shares of NASDAQ KHC opened at $34.66 on Wednesday. The company has a market cap of $42.09 billion, a PE ratio of 15.14, a P/E/G ratio of 3.39 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The firm’s 50 day moving average price is $35.15 and its 200-day moving average price is $35.03. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating 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 the consensus estimate of $6.55 billion. During the same period last year, the business posted $0.79 EPS. The company’s revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.62%. Kraft Heinz’s payout ratio is 69.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KHC shares. Wells Fargo & Company increased 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. Bank of America lowered their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Piper Sandler dropped their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.45.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was 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 $5,182,920. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

Kraft Heinz 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.