ORG Partners LLC Has $188,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

ORG Partners LLC lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3,273.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,903 shares of the company’s stock after purchasing an additional 5,728 shares during the quarter. ORG Partners LLC’s holdings in Kraft Heinz were worth $188,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KHC. Steward Partners Investment Solutions LLC acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $25,000. New Covenant Trust Company N.A. acquired a new stake in Kraft Heinz in the 1st quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new stake in Kraft Heinz in the 4th quarter valued at approximately $38,000. Janiczek Wealth Management LLC grew its stake in Kraft Heinz by 409.4% in the first quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock valued at $44,000 after purchasing an additional 954 shares in the last quarter. Finally, AlphaMark Advisors LLC grew its stake in Kraft Heinz by 128.9% in the first quarter. AlphaMark Advisors LLC now owns 1,181 shares of the company’s stock valued at $44,000 after purchasing an additional 665 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In related news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the sale, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded down $0.08 during trading on Wednesday, reaching $34.49. 6,104,480 shares of the company’s stock were exchanged, compared to its average volume of 8,043,255. 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 company has a market cap of $41.88 billion, a P/E ratio of 15.25, a PEG ratio of 3.52 and a beta of 0.53. The firm’s 50-day moving average price is $33.30 and its 200 day moving average price is $35.17.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.79 EPS. As a group, research analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared 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 is Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.64%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. 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, July 31st. 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, July 31st. The Goldman Sachs Group started coverage on Kraft Heinz in a research note on Monday. They set a “sell” rating and a $34.00 target price for the company. Barclays lifted their target price on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Citigroup reduced their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.31.

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.