Avantax Advisory Services Inc. lifted its stake in Kraft Heinz Co (NASDAQ:KHC) by 199.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,822 shares of the company’s stock after buying an additional 37,839 shares during the period. Avantax Advisory Services Inc.’s holdings in Kraft Heinz were worth $1,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Kraft Heinz during the 2nd quarter worth approximately $31,000. Modus Advisors LLC bought a new stake in Kraft Heinz during the 2nd quarter worth approximately $44,000. Glassman Wealth Services grew its position in Kraft Heinz by 28.5% during the 2nd quarter. Glassman Wealth Services now owns 1,383 shares of the company’s stock worth $44,000 after acquiring an additional 307 shares during the last quarter. Provident Wealth Management LLC bought a new stake in Kraft Heinz during the 3rd quarter worth approximately $42,000. Finally, Global Wealth Management Investment Advisory Inc. grew its position in Kraft Heinz by 27.4% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,582 shares of the company’s stock worth $50,000 after acquiring an additional 340 shares during the last quarter. 58.02% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. BidaskClub lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Wells Fargo & Company decreased their price objective on Kraft Heinz from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 16th. Guggenheim upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and increased their price objective for the company from $30.00 to $34.00 in a research report on Wednesday, September 16th. Morgan Stanley increased their price objective on Kraft Heinz from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Goldman Sachs Group lowered Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $32.00 to $30.00 in a research report on Monday, June 22nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $34.15.

Shares of Kraft Heinz stock opened at $32.16 on Friday. The company has a market capitalization of $39.32 billion, a PE ratio of -214.40, a PEG ratio of 2.36 and a beta of 1.04. Kraft Heinz Co has a 12 month low of $19.99 and a 12 month high of $36.37. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $31.53 and its 200 day simple moving average is $31.50.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.15. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.54 billion. Kraft Heinz had a positive return on equity of 6.68% and a negative net margin of 0.76%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. Analysts predict that Kraft Heinz Co will post 2.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, August 28th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Thursday, August 27th. Kraft Heinz’s dividend payout ratio is 56.14%.

About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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