Arkfeld Wealth Strategies L.L.C. Raises Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,348 shares of the company’s stock after acquiring an additional 5,991 shares during the quarter. Kraft Heinz makes up about 1.1% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 19th biggest position. Arkfeld Wealth Strategies L.L.C.’s holdings in Kraft Heinz were worth $2,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KHC. Dynamic Advisor Solutions LLC increased its holdings in Kraft Heinz by 11.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 29,425 shares of the company’s stock valued at $904,000 after acquiring an additional 2,971 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Kraft Heinz by 4.5% during the fourth quarter. Fifth Third Bancorp now owns 26,688 shares of the company’s stock valued at $820,000 after purchasing an additional 1,147 shares in the last quarter. Atlas Private Wealth Advisors lifted its position in shares of Kraft Heinz by 69.0% in the fourth quarter. Atlas Private Wealth Advisors now owns 10,308 shares of the company’s stock worth $317,000 after buying an additional 4,208 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Kraft Heinz by 19.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 651,720 shares of the company’s stock valued at $20,014,000 after buying an additional 103,980 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings in Kraft Heinz by 124.0% during the 4th quarter. Sound Income Strategies LLC now owns 275,675 shares of the company’s stock valued at $8,466,000 after buying an additional 152,584 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC stock opened at $29.31 on Friday. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.45 and a beta of 0.48. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $33.11.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 EPS. Analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.46%. Kraft Heinz’s payout ratio is currently 144.14%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Friday. Mizuho lowered their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $34.77.

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.