Dupree Financial Group LLC Invests $8.14 Million in The Kraft Heinz Company (NASDAQ:KHC)

Dupree Financial Group LLC purchased a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 231,966 shares of the company’s stock, valued at approximately $8,144,000. Kraft Heinz comprises about 3.3% of Dupree Financial Group LLC’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds also recently bought and sold shares of the company. MADDEN SECURITIES Corp increased its holdings in shares of Kraft Heinz by 2.4% in the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after purchasing an additional 303 shares in the last quarter. HB Wealth Management LLC raised its position in Kraft Heinz by 2.5% in the 2nd quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock worth $419,000 after buying an additional 314 shares during the last quarter. Axiom Advisory LLC raised its position in Kraft Heinz by 5.2% in the 3rd quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after buying an additional 327 shares during the last quarter. Lorne Steinberg Wealth Management Inc. lifted its stake in Kraft Heinz by 0.3% during the 1st quarter. Lorne Steinberg Wealth Management Inc. now owns 109,600 shares of the company’s stock valued at $4,044,000 after acquiring an additional 335 shares during the period. Finally, Norden Group LLC boosted its holdings in shares of Kraft Heinz by 3.8% during the 2nd quarter. Norden Group LLC now owns 9,321 shares of the company’s stock valued at $300,000 after acquiring an additional 339 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KHC shares. Evercore ISI lowered 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 increased their price target on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Bank of America cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.55.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of the firm’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 completion of the sale, the insider now directly owns 143,970 shares of the company’s stock, valued at $5,182,920. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Up 0.4 %

Shares of KHC opened at $35.64 on Wednesday. The business’s 50 day simple moving average is $35.25 and its 200-day simple moving average is $34.92. The Kraft Heinz Company has a 1 year low of $31.08 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53. The stock has a market capitalization of $43.28 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 EPS 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 analyst estimates of $6.55 billion. During the same quarter last year, the business earned $0.79 earnings per share. Kraft Heinz’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.49%. Kraft Heinz’s payout ratio is currently 69.87%.

About Kraft Heinz

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.