The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by First Hawaiian Bank

First Hawaiian Bank grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 9.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,887 shares of the company’s stock after purchasing an additional 931 shares during the quarter. First Hawaiian Bank’s holdings in Kraft Heinz were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz during the 4th quarter worth $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of Kraft Heinz during the first quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $32,000. Transcendent Capital Group LLC purchased a new position in Kraft Heinz in the fourth quarter worth approximately $38,000. Finally, AlphaMark Advisors LLC increased its position in shares of Kraft Heinz by 128.9% in the 1st quarter. AlphaMark Advisors LLC now owns 1,181 shares of the company’s stock valued at $44,000 after purchasing an additional 665 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock traded down $0.28 during trading hours on Tuesday, hitting $34.92. The stock had a trading volume of 4,184,246 shares, compared to its average volume of 8,074,702. The stock’s 50 day moving average is $33.33 and its 200 day moving average is $35.27. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The firm has a market capitalization of $42.22 billion, a PE ratio of 15.37, a PEG ratio of 3.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.61.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. As a group, research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.58%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KHC shares. Wells Fargo & Company lifted their price objective on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Evercore ISI decreased their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Citigroup cut their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Piper Sandler lowered their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.58.

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.