Hantz Financial Services Inc. Increases Position in Kraft Heinz Company $KHC

Hantz Financial Services Inc. boosted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 422.7% in the 2nd quarter, Holdings Channel reports. The fund owned 3,434 shares of the company’s stock after acquiring an additional 2,777 shares during the quarter. Hantz Financial Services Inc.’s holdings in Kraft Heinz were worth $89,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KHC. OneDigital Investment Advisors LLC increased its position in Kraft Heinz by 34.1% during the first quarter. OneDigital Investment Advisors LLC now owns 25,218 shares of the company’s stock worth $767,000 after purchasing an additional 6,416 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Kraft Heinz in the 1st quarter valued at about $33,000. World Investment Advisors boosted its holdings in Kraft Heinz by 3.8% in the 1st quarter. World Investment Advisors now owns 14,857 shares of the company’s stock valued at $452,000 after purchasing an additional 546 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Kraft Heinz by 17.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,363,192 shares of the company’s stock valued at $41,482,000 after purchasing an additional 204,054 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in Kraft Heinz by 7.9% in the 1st quarter. TD Private Client Wealth LLC now owns 41,484 shares of the company’s stock valued at $1,262,000 after purchasing an additional 3,028 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $30.00 to $27.00 in a report on Thursday, October 30th. Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. Finally, TD Cowen reduced their price target on shares of Kraft Heinz from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $26.58.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $24.17 on Wednesday. The company has a 50 day moving average price of $25.93 and a 200 day moving average price of $26.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. Kraft Heinz Company has a fifty-two week low of $23.90 and a fifty-two week high of $34.08. The stock has a market capitalization of $28.61 billion, a P/E ratio of -6.48, a PEG ratio of 2.88 and a beta of 0.16.

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

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 28th. This represents a $1.60 dividend on an annualized basis and a yield of 6.6%. Kraft Heinz’s dividend payout ratio is -42.90%.

Kraft Heinz Company 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.