The Kraft Heinz Company (NASDAQ:KHC) Insider Sells $146,736.00 in Stock

The Kraft Heinz Company (NASDAQ:KHC) insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now directly owns 143,970 shares in the company, valued at $5,182,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.38 during mid-day trading on Tuesday, hitting $34.82. 7,254,075 shares of the company traded hands, compared to its average volume of 8,095,167. The stock has a fifty day moving average price of $33.33 and a 200-day moving average price of $35.27. The stock has a market cap of $42.10 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 1.01.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. On average, equities analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a yield of 4.60%. Kraft Heinz’s payout ratio is 69.87%.

Analysts Set New Price Targets

A number of analysts recently commented on KHC shares. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Barclays lifted their target price on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Bank of America reduced their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI cut their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Citigroup cut their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors lifted its position in Kraft Heinz by 83.4% in the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after purchasing an additional 3,961,872 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Kraft Heinz by 346.9% during 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 buying an additional 1,179,863 shares during the last quarter. Nordea Investment Management AB boosted its position in Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after buying an additional 1,027,636 shares during the period. Swedbank AB bought a new stake in Kraft Heinz in the 1st quarter worth $25,298,000. Finally, Ilex Capital Partners UK LLP increased its position in shares of Kraft Heinz by 34.7% in the first quarter. Ilex Capital Partners UK LLP now owns 2,616,278 shares of the company’s stock valued at $96,541,000 after acquiring an additional 674,436 shares during the period. 78.17% of the stock is currently owned by institutional investors.

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.