3,107 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Mather Group LLC.

Mather Group LLC. bought a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,107 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Butensky & Cohen Financial Security Inc. lifted its position in Kraft Heinz by 1.0% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 114,987 shares of the company’s stock worth $4,243,000 after buying an additional 1,109 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in Kraft Heinz in the 4th quarter worth $766,000. PNC Financial Services Group Inc. raised its holdings in Kraft Heinz by 3.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 210,297 shares of the company’s stock worth $7,777,000 after acquiring an additional 6,135 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Kraft Heinz during the 4th quarter worth about $6,749,000. Finally, Leo Wealth LLC bought a new position in shares of Kraft Heinz during the 4th quarter worth about $2,464,000. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other news, insider Lande Rashida La sold 10,140 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the sale, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on KHC shares. Piper Sandler lowered their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America increased their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $32.95 on Friday. The stock has a market cap of $40.01 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.63 and a beta of 0.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The company has a fifty day moving average price of $35.62 and a two-hundred day moving average price of $36.17. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96.

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

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

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.