The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 95.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,305 shares of the company’s stock after purchasing an additional 3,564 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Kraft Heinz were worth $256,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. LSV Asset Management raised its holdings in Kraft Heinz by 2.1% during the second quarter. LSV Asset Management now owns 9,107,688 shares of the company’s stock worth $293,450,000 after purchasing an additional 189,000 shares during the last quarter. Legal & General Group Plc increased its position in shares of Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock valued at $292,061,000 after buying an additional 799,581 shares in the last quarter. Capital World Investors raised its stake in shares of Kraft Heinz by 83.4% during the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock worth $321,388,000 after buying an additional 3,961,872 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Kraft Heinz by 47.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock worth $178,379,000 after buying an additional 1,778,263 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Kraft Heinz by 14.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,063,076 shares of the company’s stock valued at $130,912,000 after acquiring an additional 505,180 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KHC. Mizuho cut their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday. Evercore ISI cut their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Citigroup lowered their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler dropped their price target on Kraft Heinz from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Bank of America reduced their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average price target of $37.23.

Kraft Heinz Stock Down 0.8 %

Shares of NASDAQ:KHC opened at $33.46 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The firm has a market cap of $40.63 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 3.48 and a beta of 0.49. The stock’s 50-day moving average price is $35.20 and its two-hundred day moving average price is $34.85. The Kraft Heinz Company has a 12-month low of $31.08 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the company earned $0.72 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, research analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.78%. Kraft Heinz’s payout ratio is 69.87%.

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.