Kraft Heinz Company $KHC Shares Acquired by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 9.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,883 shares of the company’s stock after buying an additional 3,893 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Kraft Heinz were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Kraft Heinz during the first quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Kraft Heinz during the first quarter worth approximately $33,000. Investment Management Corp VA ADV grew its position in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after buying an additional 669 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Kraft Heinz during the first quarter worth approximately $40,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Kraft Heinz during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC opened at $24.58 on Friday. Kraft Heinz Company has a 1 year low of $24.10 and a 1 year high of $34.08. The company has a market cap of $29.09 billion, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The firm has a fifty day moving average of $26.13 and a 200-day moving average of $27.01.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The company had revenue of $6.39 billion during the quarter. As a group, equities analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, November 28th. Kraft Heinz’s payout ratio is currently -35.63%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. BNP Paribas Exane decreased their price objective on shares of Kraft Heinz from $29.00 to $26.00 in a report on Thursday. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. Finally, TD Cowen decreased their price objective on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $26.61.

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.