IFP Advisors Inc Has $164,000 Stake in Kraft Heinz Company $KHC

IFP Advisors Inc lifted its stake in shares of Kraft Heinz Company (NASDAQ:KHC) by 19.7% during the second quarter, Holdings Channel.com reports. The firm owned 6,121 shares of the company’s stock after buying an additional 1,006 shares during the period. IFP Advisors Inc’s holdings in Kraft Heinz were worth $164,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Klingenstein Fields & Co. LP lifted its position in shares of Kraft Heinz by 4.6% during the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock worth $239,000 after purchasing an additional 344 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Kraft Heinz by 2.7% during the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after purchasing an additional 393 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Kraft Heinz by 1.6% during the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock worth $779,000 after purchasing an additional 397 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Kraft Heinz by 0.6% during the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock worth $2,101,000 after purchasing an additional 397 shares in the last quarter. Finally, one8zero8 LLC lifted its position in shares of Kraft Heinz by 5.5% during the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock worth $242,000 after purchasing an additional 414 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. UBS Group dropped their price target on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft dropped 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 note on Monday, October 13th. The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, Stifel Nicolaus dropped their price target on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average target price of $28.65.

Kraft Heinz Trading Up 1.6%

KHC opened at $25.52 on Friday. The stock has a market capitalization of $30.21 billion, a P/E ratio of -5.68, a P/E/G ratio of 2.94 and a beta of 0.16. Kraft Heinz Company has a 12 month low of $24.80 and a 12 month high of $36.31. The firm’s fifty day simple moving average is $26.54 and its 200 day simple moving average is $27.26. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. As a group, research analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s payout ratio is currently -35.63%.

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.