1834 Investment Advisors Co. Takes $470,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

1834 Investment Advisors Co. acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,292 shares of the company’s stock, valued at approximately $470,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its holdings in Kraft Heinz by 47.9% in the second quarter. Public Sector Pension Investment Board now owns 14,551 shares of the company’s stock worth $469,000 after purchasing an additional 4,714 shares during the period. MBB Public Markets I LLC bought a new stake in shares of Kraft Heinz in the 2nd quarter valued at $2,001,000. Mackenzie Financial Corp lifted its holdings in Kraft Heinz by 19.8% during the second quarter. Mackenzie Financial Corp now owns 1,250,645 shares of the company’s stock worth $40,296,000 after acquiring an additional 206,881 shares in the last quarter. Legal & General Group Plc grew its stake in Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock valued at $292,061,000 after acquiring an additional 799,581 shares during the period. Finally, Aviso Wealth Management increased its holdings in shares of Kraft Heinz by 15.2% in the second quarter. Aviso Wealth Management now owns 58,059 shares of the company’s stock worth $1,871,000 after acquiring an additional 7,656 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KHC shares. Stifel Nicolaus cut their price objective on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Friday. UBS Group reduced their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler restated a “neutral” rating and set a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Mizuho lowered their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Citigroup cut their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus price target of $34.77.

Kraft Heinz Price Performance

Shares of KHC opened at $29.31 on Monday. The company has a market cap of $35.44 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.45 and a beta of 0.48. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $30.53 and its 200 day simple moving average is $33.12. The Kraft Heinz Company has a 1-year low of $28.37 and a 1-year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. Kraft Heinz’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. On average, research analysts forecast that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s payout ratio is presently 144.14%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were 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. This represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

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.