First Horizon Advisors Inc. Has $19.34 Million Holdings in Kraft Heinz Company $KHC

First Horizon Advisors Inc. increased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 748,895 shares of the company’s stock after acquiring an additional 62,033 shares during the quarter. First Horizon Advisors Inc. owned about 0.06% of Kraft Heinz worth $19,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KHC. Wayfinding Financial LLC bought a new position in Kraft Heinz during the 1st quarter worth approximately $33,000. Investment Management Corp VA ADV boosted its stake in Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after acquiring an additional 669 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in Kraft Heinz during the 2nd quarter worth approximately $39,000. Banque Transatlantique SA bought a new position in Kraft Heinz during the 1st quarter worth approximately $40,000. Finally, Hilltop National Bank bought a new position in Kraft Heinz during the 2nd quarter worth approximately $41,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Barclays dropped their target price on shares of Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. UBS Group lowered their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $26.58.

Kraft Heinz Price Performance

Shares of KHC opened at $24.17 on Wednesday. The company has a market cap of $28.61 billion, a price-to-earnings ratio of -6.48, a PEG ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $23.90 and a 1-year high of $34.08. The company’s fifty day simple moving average is $25.93 and its 200 day simple moving average is $26.87. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. On average, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, November 28th. Kraft Heinz’s payout ratio is presently -42.90%.

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.