Tsfg LLC Purchases 3,439 Shares of The Kraft Heinz Company (NASDAQ:KHC)

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

A number of other large investors have also recently bought and sold shares of KHC. New Covenant Trust Company N.A. acquired a new stake in shares of Kraft Heinz in the first quarter valued at about $27,000. Asset Dedication LLC grew its stake in Kraft Heinz by 94.8% in the second 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 stake in shares of Kraft Heinz during the 3rd quarter worth approximately $32,000. Hantz Financial Services Inc. acquired a new stake in shares of Kraft Heinz in the 2nd quarter valued at approximately $34,000. Finally, Valley Wealth Managers Inc. grew its stake in shares of Kraft Heinz by 46.4% in the second quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock valued at $35,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the transaction, the insider now directly owns 143,970 shares in the company, valued at approximately $5,182,920. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KHC has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group started coverage on Kraft Heinz in a research note on Monday, August 12th. They set a “sell” rating and a $34.00 target price for the company. Piper Sandler decreased their price objective on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Finally, Evercore ISI reduced their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $37.55.

Kraft Heinz Stock Up 1.0 %

Shares of KHC opened at $35.72 on Wednesday. The firm has a 50 day simple moving average of $35.15 and a two-hundred day simple moving average of $34.98. The company has a market cap of $43.37 billion, a P/E ratio of 15.60, a P/E/G ratio of 3.39 and a beta of 0.49. The Kraft Heinz Company has a one year low of $31.08 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53.

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

Kraft Heinz Announces Dividend

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