The Kraft Heinz Company (NASDAQ:KHC) Holdings Raised by Cetera Investment Advisers

Cetera Investment Advisers grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 132.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 377,484 shares of the company’s stock after acquiring an additional 215,015 shares during the quarter. Cetera Investment Advisers’ holdings in Kraft Heinz were worth $13,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. NBT Bank N A NY grew its stake in Kraft Heinz by 2.2% during the 1st quarter. NBT Bank N A NY now owns 12,785 shares of the company’s stock worth $472,000 after buying an additional 270 shares during the last quarter. Welch Group LLC grew its stake in Kraft Heinz by 1.9% during the 1st quarter. Welch Group LLC now owns 14,868 shares of the company’s stock worth $549,000 after buying an additional 272 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Kraft Heinz by 13.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 2,423 shares of the company’s stock worth $89,000 after buying an additional 282 shares during the last quarter. Archer Investment Corp grew its stake in Kraft Heinz by 2.0% during the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock worth $544,000 after buying an additional 294 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its stake in Kraft Heinz by 3.1% during the 4th quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after buying an additional 300 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Lande Rashida La sold 10,140 shares of the firm’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 transaction of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays increased their price target on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday. Evercore ISI decreased their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday. Piper Sandler cut their price objective on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.58.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $36.06 on Friday. The business’s 50-day simple moving average is $33.34 and its 200-day simple moving average is $35.30. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $38.96. The firm has a market cap of $43.60 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 3.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 1.01.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities research analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.44%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

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.