The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Northwestern Mutual Wealth Management Co.


Northwestern Mutual Wealth Management Co. raised its position in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 146.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,397 shares of the company’s stock after buying an additional 62,716 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kraft Heinz were worth $4,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sandy Cove Advisors LLC acquired a new position in shares of Kraft Heinz during the 1st quarter worth approximately $25,000. AlphaMark Advisors LLC boosted its holdings in shares of Kraft Heinz by 521.7% during the 4th quarter. AlphaMark Advisors LLC now owns 715 shares of the company’s stock worth $26,000 after purchasing an additional 600 shares during the last quarter. Focused Wealth Management Inc boosted its holdings in shares of Kraft Heinz by 100.5% during the 1st quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock worth $30,000 after purchasing an additional 387 shares during the last quarter. Rather & Kittrell Inc. acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $33,000. Finally, West Bancorporation Inc. purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $40,000. 63.09% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.2 %

Shares of NASDAQ KHC opened at $38.67 on Monday. The firm has a market cap of $47.39 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 2.89 and a beta of 0.73. The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 52-week low of $32.78 and a 52-week high of $44.87. The business’s 50 day moving average is $37.70 and its two-hundred day moving average is $38.82.

Kraft Heinz (NASDAQ:KHC – Get Rating) last announced its earnings results on Wednesday, July 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.36 billion. Kraft Heinz had a return on equity of 6.82% and a net margin of 5.92%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 earnings per share. Research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 26th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 25th. This represents a $1.60 annualized dividend and a dividend yield of 4.14%. Kraft Heinz’s dividend payout ratio (DPR) is 131.15%.

Wall Street Analysts Weigh In

Several analysts have recently commented on the stock. Mizuho assumed coverage on shares of Kraft Heinz in a research report on Monday, July 18th. They set a “buy” rating and a $48.00 price target on the stock. Stifel Nicolaus raised shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Thursday, July 28th. They noted that the move was a valuation call. The Goldman Sachs Group reaffirmed an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. UBS Group lowered shares of Kraft Heinz from a “neutral” rating to a “sell” rating and reduced their price target for the company from $40.00 to $34.00 in a research report on Thursday, May 26th. Finally, BMO Capital Markets raised shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.30.

Insiders Place Their Bets

In other Kraft Heinz news, CAO Lande Rashida La sold 3,500 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total value of $127,960.00. Following the completion of the transaction, the chief accounting officer now owns 266,627 shares in the company, valued at $9,747,883.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Lande Rashida La sold 3,500 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total transaction of $127,960.00. Following the completion of the transaction, the chief accounting officer now owns 266,627 shares in the company, valued at $9,747,883.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Marcos Eloi Lima sold 28,855 shares of the business’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $36.97, for a total transaction of $1,066,769.35. Following the transaction, the executive vice president now owns 193,938 shares of the company’s stock, valued at approximately $7,169,887.86. The disclosure for this sale can be found here. Insiders sold a total of 48,636 shares of company stock worth $1,788,497 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Kraft Heinz Company Profile

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The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)



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