IFP Advisors Inc Purchases 1,006 Shares of Kraft Heinz Company $KHC

IFP Advisors Inc increased its position in Kraft Heinz Company (NASDAQ:KHC) by 19.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,121 shares of the company’s stock after acquiring an additional 1,006 shares during the quarter. IFP Advisors Inc’s holdings in Kraft Heinz were worth $164,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KHC. Klingenstein Fields & Co. LP increased its holdings in shares of Kraft Heinz by 4.6% during the 1st quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company’s stock worth $239,000 after purchasing an additional 344 shares during the period. Meeder Advisory Services Inc. increased its holdings in shares of Kraft Heinz by 2.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after purchasing an additional 393 shares during the period. Johnson Investment Counsel Inc. increased its holdings in shares of Kraft Heinz by 1.6% during the 1st quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company’s stock worth $779,000 after purchasing an additional 397 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Kraft Heinz by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company’s stock worth $2,101,000 after purchasing an additional 397 shares during the period. Finally, one8zero8 LLC increased its holdings in shares of Kraft Heinz by 5.5% during the 1st quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock worth $242,000 after purchasing an additional 414 shares during the period. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KHC shares. The Goldman Sachs Group upgraded shares of 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. Barclays dropped their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $28.65.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $25.52 on Friday. The firm has a market cap of $30.21 billion, a PE ratio of -5.68, a price-to-earnings-growth 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 company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $26.54 and its two-hundred day moving average price is $27.26.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. The firm 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%. On average, equities analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were given a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.3%. Kraft Heinz’s payout ratio is -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.