The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 193,603 shares of the company’s stock after selling 8,014 shares during the period. GLOBALT Investments LLC GA’s holdings in Kraft Heinz were worth $6,797,000 at the end of the most recent quarter.

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

Kraft Heinz Price Performance

KHC opened at $31.14 on Monday. The firm has a market cap of $37.65 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.49. The Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week high of $38.96. The company’s 50-day moving average price is $34.53 and its 200 day moving average price is $34.42. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.72 earnings per share. As a group, sell-side analysts expect that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 5.14%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KHC shares. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Evercore ISI decreased their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Barclays decreased their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Citigroup decreased their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.00.

Insider Activity

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by 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.