Buck Wealth Strategies LLC Has $423,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Buck Wealth Strategies LLC lowered its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 34.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,050 shares of the company’s stock after selling 6,388 shares during the period. Buck Wealth Strategies LLC’s holdings in Kraft Heinz were worth $423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clifford Capital Partners LLC lifted its position in Kraft Heinz by 21.4% during the 2nd quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock worth $14,656,000 after buying an additional 80,101 shares in the last quarter. Easterly Investment Partners LLC lifted its position in Kraft Heinz by 39.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after buying an additional 44,485 shares in the last quarter. Lazard Asset Management LLC lifted its position in Kraft Heinz by 13.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock worth $74,053,000 after buying an additional 234,783 shares in the last quarter. Smith Thornton Advisors LLC bought a new stake in Kraft Heinz during the 2nd quarter worth about $654,000. Finally, Los Angeles Capital Management LLC raised its holdings in Kraft Heinz by 1,760.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company’s stock worth $23,008,000 after purchasing an additional 620,096 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KHC. Wells Fargo & Company boosted their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Piper Sandler lowered their price target on Kraft Heinz from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Citigroup lowered their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. One investment 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. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $37.25.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% of the company’s stock.

Kraft Heinz Trading Down 1.6 %

NASDAQ:KHC opened at $32.00 on Wednesday. The Kraft Heinz Company has a twelve month low of $31.58 and a twelve month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $34.86 and a two-hundred day moving average price of $34.59. The company has a market cap of $38.69 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 3.71 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.

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.