Bill Few Associates Inc. Purchases 516 Shares of Kraft Heinz Company $KHC

Bill Few Associates Inc. lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,026 shares of the company’s stock after acquiring an additional 516 shares during the period. Bill Few Associates Inc.’s holdings in Kraft Heinz were worth $2,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in shares of Kraft Heinz by 89.7% during the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock worth $2,335,000 after acquiring an additional 42,758 shares during the period. Swedbank AB lifted its holdings in shares of Kraft Heinz by 13.6% during the 1st quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after acquiring an additional 104,872 shares during the period. Lakeshore Capital Group Inc. lifted its stake in Kraft Heinz by 39.8% in the 2nd quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock valued at $957,000 after purchasing an additional 10,551 shares during the last quarter. Bard Financial Services Inc. boosted its position in Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after buying an additional 20,500 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Kraft Heinz by 7.8% during the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock worth $2,746,000 after buying an additional 6,551 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.15 on Monday. The company has a market capitalization of $29.77 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 2.94 and a beta of 0.16. Kraft Heinz Company has a twelve month low of $24.85 and a twelve month high of $36.31. The stock has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $27.40. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion during the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. Sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the completion of the sale, the director directly owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research analyst reports. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, September 3rd. JPMorgan Chase & Co. initiated coverage on shares of Kraft Heinz in a report on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price target for the company. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Finally, Morgan Stanley set a $29.00 price target on shares of Kraft Heinz and gave the stock an “equal weight” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $29.53.

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.