Lande Rashida La Sells 10,140 Shares of The Kraft Heinz Company (NASDAQ:KHC) Stock

The Kraft Heinz Company (NASDAQ:KHC) insider Lande Rashida La sold 10,140 shares of Kraft Heinz stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the transaction, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $35.71 on Friday. The firm has a market cap of $43.36 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.65. The stock has a fifty day simple moving average of $36.35 and a two-hundred day simple moving average of $35.90. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $41.09.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s payout ratio is currently 69.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Steward Partners Investment Solutions LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth $25,000. OFI Invest Asset Management purchased a new stake in Kraft Heinz during the 3rd quarter worth about $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Kraft Heinz in the 4th quarter worth about $32,000. BKM Wealth Management LLC purchased a new position in Kraft Heinz during the 4th quarter valued at about $33,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Kraft Heinz during the fourth quarter valued at about $38,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on KHC shares. Bank of America raised their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Citigroup assumed coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.50.

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.