The Kraft Heinz Company (NASDAQ:KHC) Stock Position Decreased by Barrett & Company Inc.

Barrett & Company Inc. decreased its stake in The Kraft Heinz Company (NASDAQ:KHC) by 11.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,400 shares of the company’s stock after selling 304 shares during the quarter. Barrett & Company Inc.’s holdings in Kraft Heinz were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KHC. New Covenant Trust Company N.A. purchased a new position in shares of Kraft Heinz during the first quarter valued at $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares during the period. Bangor Savings Bank purchased a new position in Kraft Heinz during the third quarter valued at approximately $32,000. Asset Dedication LLC lifted its position in Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after buying an additional 476 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Kraft Heinz by 221.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,016 shares of the company’s stock worth $36,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity

In related news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the sale, the insider now directly owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Citigroup dropped their price objective on Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Barclays upped their price objective on Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Evercore ISI cut their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.58.

Kraft Heinz Trading Up 0.9 %

Shares of Kraft Heinz stock traded up $0.30 on Monday, hitting $35.04. 1,708,240 shares of the company’s stock traded hands, compared to its average volume of 7,718,009. The Kraft Heinz Company has a one year low of $31.08 and a one 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 $42.37 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 3.48 and a beta of 0.49. The firm’s 50-day moving average price is $35.29 and its two-hundred day moving average price is $34.88.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the firm earned $0.79 EPS. Kraft Heinz’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, research analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s dividend payout ratio is currently 102.56%.

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.