Tsfg LLC Has $155,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Tsfg LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 348.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,426 shares of the company’s stock after purchasing an additional 3,439 shares during the period. Tsfg LLC’s holdings in Kraft Heinz were worth $155,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in KHC. New Covenant Trust Company N.A. acquired a new stake in shares of Kraft Heinz during the first quarter worth approximately $27,000. Asset Dedication LLC increased its holdings in Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares in the last quarter. Bangor Savings Bank bought a new position in Kraft Heinz in the 3rd quarter valued at $32,000. Hantz Financial Services Inc. acquired a new position in Kraft Heinz in the second quarter worth $34,000. Finally, Valley Wealth Managers Inc. grew its holdings in shares of Kraft Heinz by 46.4% during the second quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock worth $35,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the sale, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Price Performance

Shares of KHC opened at $35.72 on Wednesday. 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 stock has a market cap of $43.37 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 3.39 and a beta of 0.49. The stock’s 50-day moving average price is $35.15 and its two-hundred day moving average price is $34.98. The Kraft Heinz Company has a 1 year low of $31.08 and a 1 year high of $38.96.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz’s payout ratio is presently 69.87%.

Analysts Set New Price Targets

Several research firms have weighed in on KHC. JPMorgan Chase & Co. lowered their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Bank of America dropped their price objective 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. Barclays increased their price objective on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Evercore ISI dropped their target price 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. Finally, Piper Sandler decreased their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.55.

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.