San Luis Wealth Advisors LLC Purchases 4,648 Shares of The Kraft Heinz Company (NASDAQ:KHC)

San Luis Wealth Advisors LLC raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 23.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,702 shares of the company’s stock after acquiring an additional 4,648 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Kraft Heinz were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Fortitude Family Office LLC lifted its position in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the 3rd quarter worth $27,000. DiNuzzo Private Wealth Inc. grew its stake in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares during the last quarter. Bangor Savings Bank acquired a new position in Kraft Heinz during the 3rd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in Kraft Heinz in the third quarter worth about $33,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $28.71 on Wednesday. The firm has a market cap of $34.72 billion, a PE ratio of 25.86, a P/E/G ratio of 3.62 and a beta of 0.48. The Kraft Heinz Company has a twelve month low of $28.48 and a twelve month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $31.04 and a 200 day moving average price of $33.29.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.57%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Insider Activity at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Citigroup decreased their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lowered Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their price target on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.58.

Kraft Heinz 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.