Baldwin Investment Management LLC Sells 825 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Baldwin Investment Management LLC lowered its holdings in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,390 shares of the company’s stock after selling 825 shares during the period. Baldwin Investment Management LLC’s holdings in Kraft Heinz were worth $273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Solutions LLC purchased a new position in Kraft Heinz in the 4th quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at $32,000. BKM Wealth Management LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $33,000. Headinvest LLC bought a new stake in shares of Kraft Heinz in the third quarter worth $38,000. Finally, VisionPoint Advisory Group LLC lifted its holdings in Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock valued at $41,000 after acquiring an additional 936 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other news, insider Lande Rashida La sold 10,140 shares of the business’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 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 SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $34.39 on Friday. The company has a market cap of $41.76 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 2.77 and a beta of 0.57. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The stock’s 50 day simple moving average is $36.44 and its two-hundred day simple moving average is $36.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. Kraft Heinz’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.65%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report 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 research note on Thursday, February 15th. Bank of America upped their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Piper Sandler raised Kraft Heinz from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a report on Wednesday, May 22nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.08.

Check Out Our Latest Stock Report on Kraft Heinz

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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