Jeppson Wealth Management LLC Increases Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Jeppson Wealth Management LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,018 shares of the company’s stock after purchasing an additional 756 shares during the period. Kraft Heinz makes up about 0.8% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Jeppson Wealth Management LLC’s holdings in Kraft Heinz were worth $2,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KHC. TCW Group Inc. purchased a new stake in Kraft Heinz during the 4th quarter valued at $1,098,000. Shell Asset Management Co. boosted its position in Kraft Heinz by 251.3% in the fourth quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock worth $1,251,000 after purchasing an additional 24,199 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Kraft Heinz by 120.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock valued at $5,079,000 after purchasing an additional 75,149 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Kraft Heinz by 7.7% in the 4th quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock worth $61,450,000 after purchasing an additional 118,260 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Kraft Heinz by 13.2% in the first quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock worth $74,053,000 after buying an additional 234,783 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

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

Wall Street Analyst Weigh In

KHC has been the topic of several recent research reports. Citigroup decreased their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 price target for the company. Evercore ISI lowered their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target 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. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.31.

Kraft Heinz Price Performance

KHC traded up $0.11 during trading hours on Friday, hitting $36.24. The company’s stock had a trading volume of 234,447 shares, compared to its average volume of 7,901,685. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 3.32 and a beta of 0.53. The business’s 50-day moving average price is $34.07 and its 200-day moving average price is $35.07. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $38.96.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s payout ratio is 69.87%.

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.