1,040 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Transcendent Capital Group LLC

Transcendent Capital Group LLC purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,040 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors have also recently made changes to their positions in the stock. FSC Wealth Advisors LLC raised its holdings in shares of Kraft Heinz by 23.4% in the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after acquiring an additional 270 shares during the last quarter. Archer Investment Corp lifted its holdings in shares of Kraft Heinz by 2.0% in the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after purchasing an additional 294 shares in the last quarter. Ingalls & Snyder LLC boosted its position in shares of Kraft Heinz by 3.1% during the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock valued at $370,000 after buying an additional 300 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in Kraft Heinz by 2.4% during the fourth quarter. Integrated Advisors Network LLC now owns 12,881 shares of the company’s stock worth $476,000 after buying an additional 301 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in Kraft Heinz by 2.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 14,663 shares of the company’s stock valued at $542,000 after buying an additional 307 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted 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. Piper Sandler raised shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 target price for the company in a research report on Wednesday, May 22nd. Finally, Bank of America lifted their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Moderate Buy” and a consensus price target of $40.08.

Kraft Heinz Trading Down 0.5 %

Shares of Kraft Heinz stock traded down $0.16 on Friday, hitting $32.38. The stock had a trading volume of 6,188,901 shares, compared to its average volume of 7,464,971. The stock’s 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $36.26. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a market cap of $39.32 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 2.61 and a beta of 0.57.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. Kraft Heinz’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is 69.87%.

Insiders Place Their Bets

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 of the company’s stock, valued at approximately $5,689,662.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.