Intrua Financial LLC Acquires 1,436 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Intrua Financial LLC raised its position in shares of The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,387 shares of the company’s stock after purchasing an additional 1,436 shares during the quarter. Intrua Financial LLC’s holdings in Kraft Heinz were worth $1,540,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KHC. Crewe Advisors LLC grew its stake in shares of Kraft Heinz by 108.8% during the 2nd quarter. Crewe Advisors LLC now owns 691 shares of the company’s stock valued at $26,000 after purchasing an additional 360 shares during the period. Hallmark Capital Management Inc. bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $32,000. Bogart Wealth LLC grew its stake in shares of Kraft Heinz by 149.9% during the 2nd quarter. Bogart Wealth LLC now owns 852 shares of the company’s stock valued at $33,000 after purchasing an additional 511 shares during the period. Field & Main Bank bought a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $34,000. Finally, Howe & Rusling Inc. grew its stake in shares of Kraft Heinz by 234.6% during the 1st quarter. Howe & Rusling Inc. now owns 967 shares of the company’s stock valued at $38,000 after purchasing an additional 678 shares during the period. 67.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on Kraft Heinz from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, October 27th. Exane BNP Paribas initiated coverage on Kraft Heinz in a research note on Tuesday, November 15th. They set a “neutral” rating and a $39.00 price objective for the company. BNP Paribas initiated coverage on Kraft Heinz in a research note on Tuesday, November 15th. They set a “neutral” rating and a $39.00 price objective for the company. Piper Sandler cut their price objective on Kraft Heinz to $41.00 in a research note on Wednesday, October 5th. Finally, Stifel Nicolaus upgraded Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Thursday, July 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.75.

Kraft Heinz Price Performance

NASDAQ KHC traded up $0.34 during trading hours on Thursday, reaching $38.90. The company’s stock had a trading volume of 5,402,669 shares, compared to its average volume of 7,123,814. The firm’s 50-day moving average price is $36.03 and its 200-day moving average price is $37.43. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 1 year low of $32.73 and a 1 year high of $44.87. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.89 and a beta of 0.77.

Kraft Heinz (NASDAQ:KHCGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.30 billion. Kraft Heinz had a return on equity of 6.84% and a net margin of 4.71%. On average, equities research analysts predict that The Kraft Heinz Company will post 2.7 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, November 25th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.60 annualized dividend and a dividend yield of 4.11%. Kraft Heinz’s dividend payout ratio (DPR) is 163.27%.

About Kraft Heinz

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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.

See Also

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

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