Stratos Wealth Partners LTD. Purchases 28,924 Shares of Kraft Heinz Company $KHC

Stratos Wealth Partners LTD. raised its position in shares of Kraft Heinz Company (NASDAQ:KHCFree Report) by 219.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,094 shares of the company’s stock after acquiring an additional 28,924 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Kraft Heinz were worth $1,087,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KHC. Rossby Financial LCC bought a new stake in Kraft Heinz during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in Kraft Heinz during the 1st quarter valued at approximately $33,000. Investment Management Corp VA ADV boosted its position in Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after acquiring an additional 669 shares in the last quarter. Banque Transatlantique SA bought a new stake in Kraft Heinz during the 1st quarter valued at approximately $40,000. Finally, Hilltop National Bank bought a new stake in Kraft Heinz during the 2nd quarter valued at approximately $41,000. 78.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KHC has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price target on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price target on the stock. Morgan Stanley dropped their price target on Kraft Heinz from $29.00 to $28.00 in a research report on Thursday, October 16th. Finally, Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $28.65.

Check Out Our Latest Stock Analysis on Kraft Heinz

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $25.58 on Wednesday. Kraft Heinz Company has a twelve month low of $24.80 and a twelve month high of $36.00. The firm has a market cap of $30.28 billion, a P/E ratio of -5.70, a PEG ratio of 3.01 and a beta of 0.16. The company has a 50 day moving average of $26.47 and a 200 day moving average of $27.18. 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:KHCGet Free Report) last announced its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company had revenue of $6.39 billion during the quarter. As a group, research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company 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 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s payout ratio is presently -35.63%.

Kraft Heinz Company Profile

(Free Report)

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.

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

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