HB Wealth Management LLC Acquires 4,567 Shares of The Kraft Heinz Company (NASDAQ:KHC)

HB Wealth Management LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 64.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,630 shares of the company’s stock after buying an additional 4,567 shares during the period. HB Wealth Management LLC’s holdings in Kraft Heinz were worth $430,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ancora Advisors LLC increased its holdings in shares of Kraft Heinz by 69.9% in the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after buying an additional 272 shares during the last quarter. Riverview Trust Co purchased a new position in shares of Kraft Heinz during the 3rd quarter worth about $27,000. OFI Invest Asset Management purchased a new position in shares of Kraft Heinz during the 3rd quarter worth about $26,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Kraft Heinz during the 4th quarter worth about $35,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Kraft Heinz during the 4th quarter worth about $33,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Up 0.4 %

NASDAQ KHC opened at $36.53 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The firm has a market cap of $44.41 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.67. The company has a 50 day moving average price of $35.96 and a 200 day moving average price of $35.00. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. Kraft Heinz’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.38%. Kraft Heinz’s payout ratio is 69.26%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, Director Miguel Patricio sold 131,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total transaction of $4,999,630.00. Following the transaction, the director now owns 992,049 shares in the company, valued at approximately $37,717,702.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on KHC shares. Evercore ISI raised shares of Kraft Heinz from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $42.00 in a research note on Monday, December 11th. Citigroup began coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and an average target price of $40.57.

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.