The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 35,477 shares of the company’s stock after acquiring an additional 1,189 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Kraft Heinz were worth $1,143,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KHC. Vanguard Group Inc. boosted its holdings in Kraft Heinz by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 70,398,831 shares of the company’s stock worth $2,603,349,000 after acquiring an additional 183,234 shares during the period. Capital World Investors boosted its stake in shares of Kraft Heinz by 83.4% in the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after purchasing an additional 3,961,872 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Kraft Heinz by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,577,285 shares of the company’s stock valued at $169,268,000 after purchasing an additional 137,169 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Kraft Heinz by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock worth $113,960,000 after buying an additional 474,758 shares during the period. Finally, Nordea Investment Management AB increased its stake in Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock worth $104,929,000 after buying an additional 1,027,636 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company upped their target price on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. The Goldman Sachs Group assumed coverage on shares of Kraft Heinz in a research report on Monday, August 12th. They set a “sell” rating and a $34.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.31.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.39 during midday trading on Friday, hitting $35.91. The company’s stock had a trading volume of 4,384,964 shares, compared to its average volume of 7,981,689. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 1.01. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $38.96. The firm’s fifty day moving average price is $33.54 and its 200-day moving average price is $35.08. The firm has a market cap of $43.61 billion, a P/E ratio of 15.68, a P/E/G ratio of 3.52 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. Kraft Heinz’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, sell-side analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the sale, the insider now owns 143,970 shares in the company, valued at $5,182,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

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.