Aviso Wealth Management Has $1.87 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Aviso Wealth Management increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,059 shares of the company’s stock after purchasing an additional 7,656 shares during the period. Kraft Heinz makes up approximately 1.1% of Aviso Wealth Management’s investment portfolio, making the stock its 18th largest holding. Aviso Wealth Management’s holdings in Kraft Heinz were worth $1,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Kraft Heinz in the fourth quarter worth $13,417,000. Steward Partners Investment Advisory LLC grew its stake in Kraft Heinz by 7.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 67,123 shares of the company’s stock valued at $2,482,000 after acquiring an additional 4,622 shares during the period. TD Asset Management Inc increased its holdings in shares of Kraft Heinz by 10.9% in the fourth quarter. TD Asset Management Inc now owns 892,108 shares of the company’s stock worth $32,990,000 after acquiring an additional 87,950 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Kraft Heinz by 1.3% in the fourth quarter. Stifel Financial Corp now owns 1,100,263 shares of the company’s stock worth $40,688,000 after acquiring an additional 14,087 shares in the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of Kraft Heinz during the fourth quarter worth about $251,000. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 143,970 shares in the company, valued at $5,182,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KHC shares. Citigroup lowered their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Bank of America lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Evercore ISI cut their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Barclays upped their target price on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group assumed coverage on Kraft Heinz in a report on Monday, August 12th. They issued a “sell” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.45.

Kraft Heinz Stock Up 1.6 %

KHC stock opened at $35.37 on Friday. The company has a market cap of $42.95 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 3.39 and a beta of 0.49. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The business has a 50 day moving average price of $34.96 and a two-hundred day moving average price of $35.04. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the business earned $0.79 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.40 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.52%. Kraft Heinz’s dividend payout ratio (DPR) is currently 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.