Kraft Heinz Co (NASDAQ:KHC) Director Acquires $99,999,985.80 in Stock

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Kraft Heinz Co (NASDAQ:KHC) Director Jorge P. Lemann acquired 3,496,503 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was acquired at an average cost of $28.60 per share, with a total value of $99,999,985.80. Following the completion of the transaction, the director now owns 3,516,449 shares of the company’s stock, valued at $100,570,441.40. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kraft Heinz stock opened at $28.40 on Thursday. The stock’s fifty day moving average price is $27.48 and its two-hundred day moving average price is $30.59. Kraft Heinz Co has a one year low of $24.86 and a one year high of $58.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.18 and a quick ratio of 0.78. The firm has a market cap of $35.68 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.45 and a beta of 0.77.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. Kraft Heinz had a positive return on equity of 6.06% and a negative net margin of 43.40%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.07 billion. During the same quarter last year, the company earned $0.90 EPS. The company’s revenue was down 5.5% on a year-over-year basis. Sell-side analysts expect that Kraft Heinz Co will post 2.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.60 dividend on an annualized basis and a yield of 5.63%. Kraft Heinz’s dividend payout ratio (DPR) is presently 45.33%.

Institutional investors have recently bought and sold shares of the business. Freestone Capital Holdings LLC bought a new position in Kraft Heinz during the 1st quarter worth $9,811,000. Meridian Wealth Management LLC bought a new position in Kraft Heinz during the 1st quarter worth $27,000. Putnam FL Investment Management Co. bought a new position in Kraft Heinz during the 2nd quarter worth $27,000. Zions Bancorporation N.A. increased its stake in Kraft Heinz by 303.4% during the 2nd quarter. Zions Bancorporation N.A. now owns 960 shares of the company’s stock worth $30,000 after acquiring an additional 722 shares during the period. Finally, Atlas Capital Advisors LLC bought a new position in Kraft Heinz during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 56.45% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. BMO Capital Markets lowered their target price on Kraft Heinz from $40.00 to $33.00 and set a “market perform” rating on the stock in a research note on Monday, August 12th. UBS Group set a $30.00 target price on Kraft Heinz and gave the stock a “hold” rating in a research note on Friday, August 9th. Guggenheim set a $25.00 target price on Kraft Heinz and gave the stock a “sell” rating in a research note on Monday, August 26th. Finally, Bank of America set a $32.00 target price on Kraft Heinz and gave the stock a “neutral” rating in a research note on Friday, August 9th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company’s stock. Kraft Heinz currently has an average rating of “Hold” and an average target price of $36.05.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

See Also: Fundamental Analysis

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