Mid American Wealth Advisory Group Inc. Invests $39,000 in Kraft Heinz Company $KHC

Mid American Wealth Advisory Group Inc. bought a new position in shares of Kraft Heinz Company (NASDAQ:KHC) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,497 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Kraft Heinz by 28.1% during the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock worth $481,000 after buying an additional 3,468 shares in the last quarter. Blue Trust Inc. grew its position in Kraft Heinz by 11.9% during the 1st quarter. Blue Trust Inc. now owns 4,455 shares of the company’s stock worth $136,000 after acquiring an additional 474 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Kraft Heinz during the 1st quarter valued at $786,000. Brown Lisle Cummings Inc. increased its holdings in Kraft Heinz by 7.9% during the 1st quarter. Brown Lisle Cummings Inc. now owns 27,236 shares of the company’s stock valued at $829,000 after purchasing an additional 2,001 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its position in Kraft Heinz by 33.7% in the 1st quarter. JFS Wealth Advisors LLC now owns 9,307 shares of the company’s stock valued at $283,000 after purchasing an additional 2,345 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.7%

Shares of NASDAQ KHC opened at $25.71 on Tuesday. Kraft Heinz Company has a 1 year low of $24.80 and a 1 year high of $36.31. The firm’s 50-day moving average is $26.50 and its 200-day moving average is $27.19. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $30.43 billion, a PE ratio of -5.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) 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 business had revenue of $6.39 billion for the quarter. Equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is -35.63%.

Wall Street Analyst Weigh In

Several analysts have recently commented on KHC shares. Jefferies Financial Group decreased their target price on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Morgan Stanley reduced their target price on shares of Kraft Heinz from $29.00 to $28.00 in a research report on Thursday, October 16th. Finally, Barclays lowered their price target on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, October 10th. One equities research 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, the stock has a consensus rating of “Reduce” and an average target price of $28.65.

Kraft Heinz 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.