Winch Advisory Services LLC Acquires 380 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Winch Advisory Services LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 20.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,274 shares of the company’s stock after buying an additional 380 shares during the quarter. Winch Advisory Services LLC’s holdings in Kraft Heinz were worth $70,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. MADDEN SECURITIES Corp grew its position in Kraft Heinz by 2.4% in the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock valued at $448,000 after purchasing an additional 303 shares in the last quarter. Axiom Advisory LLC boosted its stake in shares of Kraft Heinz by 5.2% during the 3rd quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after buying an additional 327 shares during the last quarter. Trust Co. of Vermont increased its position in shares of Kraft Heinz by 3.6% in the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock valued at $365,000 after acquiring an additional 358 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after acquiring an additional 381 shares in the last quarter. Finally, Smith Thornton Advisors LLC grew its stake in Kraft Heinz by 2.1% in the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after purchasing an additional 435 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.1 %

Shares of NASDAQ KHC opened at $28.73 on Thursday. The company has a 50 day simple moving average of $31.04 and a 200 day simple moving average of $33.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a 1 year low of $28.42 and a 1 year high of $38.96. The firm has a market cap of $34.74 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Dividend Announcement

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

Insider Buying and Selling at Kraft Heinz

In other 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 shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. One 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 stock. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $35.58.

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.