Moors & Cabot Inc. Has $1.81 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Moors & Cabot Inc. cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 1.8% in the second quarter, Holdings Channel.com reports. The fund owned 56,271 shares of the company’s stock after selling 1,033 shares during the quarter. Moors & Cabot Inc.’s holdings in Kraft Heinz were worth $1,813,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in Kraft Heinz in the fourth quarter worth $110,000. Dimensional Fund Advisors LP increased its holdings in shares of Kraft Heinz by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock valued at $113,960,000 after acquiring an additional 474,758 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in shares of Kraft Heinz by 21.6% during the 4th quarter. Level Four Advisory Services LLC now owns 8,802 shares of the company’s stock valued at $325,000 after acquiring an additional 1,562 shares during the last quarter. Norges Bank bought a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $13,417,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Kraft Heinz by 97.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,873 shares of the company’s stock worth $1,659,000 after purchasing an additional 22,203 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of the 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 transaction, the insider now directly owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KHC shares. Piper Sandler lowered their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company upped their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group started coverage on Kraft Heinz in a research report on Monday, August 12th. They issued a “sell” rating and a $34.00 price target on the stock. Finally, Citigroup cut their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.50.

Kraft Heinz Stock Performance

KHC opened at $35.04 on Wednesday. The stock has a market cap of $42.55 billion, a PE ratio of 15.30, a P/E/G ratio of 3.43 and a beta of 0.49. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $38.96. The stock’s 50 day simple moving average is $34.62 and its 200-day simple moving average is $35.05. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 EPS. Sell-side analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

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