Summit Trail Advisors LLC Invests $253,000 in The Kraft Heinz Company (NASDAQ:KHC)

Summit Trail Advisors LLC acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,840 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kraft Heinz by 5.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,944 shares of the company’s stock valued at $5,044,000 after purchasing an additional 7,795 shares during the period. Brighton Jones LLC raised its stake in shares of Kraft Heinz by 7.3% during the 3rd quarter. Brighton Jones LLC now owns 8,176 shares of the company’s stock valued at $275,000 after purchasing an additional 558 shares during the period. IFM Investors Pty Ltd lifted its holdings in Kraft Heinz by 4.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 186,972 shares of the company’s stock worth $6,290,000 after purchasing an additional 8,325 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kraft Heinz by 13.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,558,862 shares of the company’s stock worth $52,440,000 after purchasing an additional 182,843 shares during the period. Finally, Advisor Partners II LLC grew its holdings in Kraft Heinz by 6.0% during the 3rd quarter. Advisor Partners II LLC now owns 21,570 shares of the company’s stock valued at $726,000 after buying an additional 1,225 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares of the company’s stock, valued at approximately $5,689,662.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $35.89 on Thursday. The firm has a fifty day simple moving average of $36.35 and a two-hundred day simple moving average of $35.87. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.10. The company has a market capitalization of $43.58 billion, a PE ratio of 15.67, a P/E/G ratio of 2.91 and a beta of 0.65. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. Kraft Heinz’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. Research analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s payout ratio is 69.87%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Wells Fargo & Company cut their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Citigroup began coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price for the company. Finally, Bank of America raised their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.50.

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.