Orion Portfolio Solutions LLC Boosts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Orion Portfolio Solutions LLC raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 112,408 shares of the company’s stock after buying an additional 546 shares during the period. Orion Portfolio Solutions LLC’s holdings in Kraft Heinz were worth $4,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new position in Kraft Heinz in the fourth quarter worth about $32,000. BKM Wealth Management LLC acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $33,000. Headinvest LLC acquired a new position in shares of Kraft Heinz in the 3rd quarter worth approximately $38,000. VisionPoint Advisory Group LLC increased its holdings in shares of Kraft Heinz by 326.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after acquiring an additional 936 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at approximately $47,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the transaction, the insider now directly owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.37% of the stock is owned by corporate insiders.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $35.85 on Monday. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The company has a market cap of $43.53 billion, a PE ratio of 15.66, a P/E/G ratio of 2.87 and a beta of 0.65. The stock has a 50 day simple moving average of $36.64 and a 200-day simple moving average of $36.22. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. On average, equities research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.46%. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Analysts Set New Price Targets

A number of research firms have commented on KHC. Citigroup assumed coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America increased their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Piper Sandler upgraded Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Wednesday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.08.

About Kraft Heinz

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.