The Kraft Heinz Company (NASDAQ:KHC) Holdings Decreased by Southeast Asset Advisors Inc.

Southeast Asset Advisors Inc. cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,337 shares of the company’s stock after selling 294 shares during the quarter. Kraft Heinz comprises about 0.6% of Southeast Asset Advisors Inc.’s investment portfolio, making the stock its 27th biggest holding. Southeast Asset Advisors Inc.’s holdings in Kraft Heinz were worth $4,783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Solutions LLC purchased a new position in Kraft Heinz during the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $32,000. BKM Wealth Management LLC acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $33,000. Headinvest LLC acquired a new stake in Kraft Heinz in the 3rd quarter worth approximately $38,000. Finally, VisionPoint Advisory Group LLC lifted its holdings in Kraft Heinz by 326.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after purchasing an additional 936 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the transaction, the insider now owns 158,266 shares of the company’s stock, valued at $5,689,662.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Kraft Heinz Price Performance

Shares of KHC stock traded down $0.78 during trading hours on Wednesday, hitting $34.85. 2,172,261 shares of the company’s stock were exchanged, compared to its average volume of 7,869,225. The stock’s 50-day moving average is $36.57 and its 200-day moving average is $36.32. 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 stock has a market cap of $42.32 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.81 and a beta of 0.57. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America upped their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Piper Sandler upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a report on Wednesday, May 22nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Moderate Buy” and a consensus target price of $40.08.

Kraft Heinz Company 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.