The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) insider Lande Rashida La sold 10,140 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now directly owns 158,266 shares of the company's stock, valued at approximately $5,689,662.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Kraft Heinz Price Performance
Shares of KHC opened at $35.89 on Thursday. The company's 50-day moving average is $36.35 and its 200-day moving average is $35.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The firm has a market capitalization of $43.58 billion, a PE ratio of 15.67, a PEG ratio of 2.91 and a beta of 0.65. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.10.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The firm had revenue of $6.41 billion for the quarter, compared to analysts' expectations of $6.43 billion. During the same period in the prior year, the firm earned $0.68 EPS. The business's revenue was down 1.2% on a year-over-year basis. Equities analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.
Kraft Heinz Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 4.46%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz's payout ratio is 69.87%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, April 18th. Bank of America upped their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a "buy" rating in a report on Monday, April 15th. Citigroup assumed coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a "buy" rating and a $43.00 price target for the company. Finally, Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating for the company in a report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and an average price target of $39.50.
Check Out Our Latest Analysis on KHC
Institutional Investors Weigh In On Kraft Heinz
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. raised its stake in Kraft Heinz by 10.7% in the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company's stock worth $827,581,000 after purchasing an additional 2,369,080 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Kraft Heinz by 86.0% in the third quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company's stock valued at $155,671,000 after buying an additional 2,140,153 shares in the last quarter. LSV Asset Management boosted its stake in shares of Kraft Heinz by 27.1% in the third quarter. LSV Asset Management now owns 9,263,400 shares of the company's stock valued at $311,621,000 after buying an additional 1,977,571 shares during the period. Nordea Investment Management AB increased its stake in Kraft Heinz by 3,167.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,869,778 shares of the company's stock worth $63,198,000 after acquiring an additional 1,812,551 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Kraft Heinz by 346.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company's stock valued at $57,799,000 after acquiring an additional 1,179,863 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.
About Kraft Heinz
(
Get Free Report)
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.
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