Affinity Investment Advisors LLC Sells 781 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Affinity Investment Advisors LLC reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,495 shares of the company’s stock after selling 781 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Kraft Heinz were worth $684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its stake in Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock worth $1,465,000 after buying an additional 3,916 shares during the period. Cutter & CO Brokerage Inc. raised its stake in shares of Kraft Heinz by 6.6% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 13,857 shares of the company’s stock valued at $512,000 after acquiring an additional 864 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Kraft Heinz in the third quarter valued at approximately $5,399,000. Victory Capital Management Inc. grew its stake in Kraft Heinz by 16.3% in the third quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after purchasing an additional 247,896 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Kraft Heinz by 42.5% during the 4th quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock valued at $16,934,000 after purchasing an additional 136,556 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Get Our Latest Research Report on Kraft Heinz

Insider Transactions at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total value of $364,533.00. Following the transaction, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock traded up $0.14 during midday trading on Tuesday, reaching $35.92. The company had a trading volume of 5,993,414 shares, compared to its average volume of 7,966,998. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $39.34. The firm’s fifty day simple moving average is $36.52 and its 200-day simple moving average is $36.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The company has a market capitalization of $43.62 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.89 and a beta of 0.65.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

About Kraft Heinz

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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