KBC Group NV Reduces Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

KBC Group NV cut its stake in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 11.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,975 shares of the company’s stock after selling 12,411 shares during the period. KBC Group NV’s holdings in Kraft Heinz were worth $3,702,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sandy Cove Advisors LLC purchased a new position in Kraft Heinz in the first quarter valued at about $25,000. AlphaMark Advisors LLC increased its stake 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 in the last quarter. Focused Wealth Management Inc increased its stake 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 in the last quarter. Larson Financial Group LLC increased its stake in shares of Kraft Heinz by 383.7% during the 4th quarter. Larson Financial Group LLC now owns 803 shares of the company’s stock worth $29,000 after purchasing an additional 637 shares in the last quarter. Finally, Rather & Kittrell Inc. purchased a new position in shares of Kraft Heinz during the 4th quarter worth approximately $33,000. 63.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Lande Rashida La sold 16,281 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $36.47, for a total value of $593,768.07. Following the transaction, the chief accounting officer now owns 268,174 shares of the company’s stock, valued at approximately $9,780,305.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Marcos Eloi Lima sold 28,855 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $36.97, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lande Rashida La sold 16,281 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $36.47, for a total transaction of $593,768.07. Following the completion of the transaction, the chief accounting officer now directly owns 268,174 shares in the company, valued at approximately $9,780,305.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,594 shares of company stock valued at $13,299,438. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. Mizuho initiated coverage on shares of Kraft Heinz in a research note on Monday, July 18th. They set a “buy” rating and a $48.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kraft Heinz from $48.00 to $47.00 in a research note on Monday, July 18th. BMO Capital Markets raised shares of Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price objective for the company in a research note on Wednesday, June 22nd. UBS Group lowered shares of Kraft Heinz from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $40.00 to $34.00 in a research report on Thursday, May 26th. Finally, The Goldman Sachs Group restated an “upgrade” rating on shares of Kraft Heinz in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.30.

Kraft Heinz Stock Up 1.5 %

Shares of KHC opened at $37.57 on Friday. The firm has a market cap of $46.04 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.79 and a beta of 0.73. The company’s fifty day moving average is $37.57 and its two-hundred day moving average is $38.72. The Kraft Heinz Company has a fifty-two week low of $32.78 and a fifty-two week high of $44.87. The company has a quick ratio of 0.52, a current ratio of 0.89 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHCGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.70 earnings per share 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 net margin of 5.92% and a return on equity of 6.82%. Kraft Heinz’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business earned $0.78 EPS. Analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, August 26th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.26%. Kraft Heinz’s dividend payout ratio (DPR) is presently 131.15%.

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.

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

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