The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Capital International Investors

Capital International Investors trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 36.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,225,104 shares of the company’s stock after selling 8,720,207 shares during the quarter. Capital International Investors’ holdings in Kraft Heinz were worth $561,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz during the fourth quarter worth about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Kraft Heinz during the fourth quarter worth about $32,000. BKM Wealth Management LLC acquired a new position in Kraft Heinz during the fourth quarter worth about $33,000. Transcendent Capital Group LLC acquired a new position in Kraft Heinz during the fourth quarter worth about $38,000. Finally, Janiczek Wealth Management LLC grew its position in shares of Kraft Heinz by 409.4% in the first quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock valued at $44,000 after purchasing an additional 954 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on KHC shares. Piper Sandler lowered their price target on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Bank of America lowered their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Citigroup lowered their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays lowered their price target on shares of Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 27th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Kraft Heinz has an average rating of “Moderate Buy” and an average price target of $38.83.

Insider Activity

In other news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the transaction, the insider now owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Up 0.2 %

NASDAQ:KHC traded up $0.07 during trading hours on Friday, reaching $33.36. 6,048,313 shares of the company were exchanged, compared to its average volume of 7,885,722. 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 firm has a market cap of $40.51 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 3.32 and a beta of 0.53. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $38.96. The stock has a 50 day simple moving average of $33.46 and a 200 day simple moving average of $35.42.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. Kraft Heinz’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, analysts predict that The Kraft Heinz Company will post 2.99 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 6th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Thursday, June 6th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

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.