Leo Wealth LLC Acquires 6,815 Shares of Kraft Heinz Company $KHC

Leo Wealth LLC increased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 79.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,446 shares of the company’s stock after purchasing an additional 6,815 shares during the period. Leo Wealth LLC’s holdings in Kraft Heinz were worth $399,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. Vanguard Group Inc. boosted its holdings in shares of Kraft Heinz by 12.7% during the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after acquiring an additional 11,472,071 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kraft Heinz by 22.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,480,889 shares of the company’s stock worth $318,933,000 after acquiring an additional 1,895,722 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Kraft Heinz by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after acquiring an additional 103,548 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Kraft Heinz by 4,390.7% during the first quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock worth $226,523,000 after acquiring an additional 7,278,295 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Kraft Heinz by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,875,177 shares of the company’s stock worth $209,201,000 after acquiring an additional 350,067 shares during the period. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KHC. The Goldman Sachs Group upgraded Kraft Heinz from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a report on Friday, August 1st. DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Morgan Stanley set a $29.00 price target on Kraft Heinz and gave the company an “equal weight” rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average target price of $29.53.

Kraft Heinz Stock Up 0.4%

Shares of KHC opened at $25.15 on Friday. Kraft Heinz Company has a one year low of $24.85 and a one year high of $36.31. The company has a market cap of $29.77 billion, a P/E ratio of -5.60, a P/E/G ratio of 2.93 and a beta of 0.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $26.74 and a two-hundred day simple moving average of $27.43.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.4%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s payout ratio is currently -35.63%.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director directly owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

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.