Strategic Investment Solutions Inc. IL Buys 515 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Strategic Investment Solutions Inc. IL lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 42.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,726 shares of the company’s stock after acquiring an additional 515 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Kraft Heinz were worth $61,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Values First Advisors Inc. acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $36,000. IFM Investors Pty Ltd grew its holdings in Kraft Heinz by 1.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 187,071 shares of the company’s stock valued at $6,568,000 after buying an additional 3,363 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $209,000. International Assets Investment Management LLC grew its holdings in Kraft Heinz by 4,806.3% in the 3rd quarter. International Assets Investment Management LLC now owns 616,134 shares of the company’s stock valued at $21,632,000 after buying an additional 603,576 shares during the last quarter. Finally, Hartford Investment Management Co. grew its holdings in Kraft Heinz by 9.8% in the 3rd quarter. Hartford Investment Management Co. now owns 55,335 shares of the company’s stock valued at $1,943,000 after buying an additional 4,941 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America lowered their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Barclays raised their target price on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Stifel Nicolaus lowered Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $38.00 in a report on Friday. The Goldman Sachs Group began coverage on Kraft Heinz in a report on Monday, August 12th. They set a “sell” rating and a $34.00 price objective on the stock. Finally, Evercore ISI decreased their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $37.58.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Price Performance

KHC stock traded up $0.01 during trading on Friday, hitting $35.04. The company had a trading volume of 1,029,526 shares, compared to its average volume of 7,715,624. The company has a fifty day moving average price of $35.27 and a two-hundred day moving average price of $34.93. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The company has a market cap of $42.55 billion, a P/E ratio of 15.30, a P/E/G ratio of 3.39 and a beta of 0.49. The Kraft Heinz Company has a fifty-two week low of $31.08 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.40 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.57%. Kraft Heinz’s payout ratio is 69.87%.

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.