Sequoia Financial Advisors LLC Has $885,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Sequoia Financial Advisors LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 10.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,212 shares of the company’s stock after buying an additional 2,446 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kraft Heinz were worth $885,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Clifford Capital Partners LLC raised its stake in shares of 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 purchasing an additional 80,101 shares during the period. Lazard Asset Management LLC raised its stake 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 acquiring an additional 234,783 shares during the period. Smith Thornton Advisors LLC bought a new stake in Kraft Heinz in the 2nd quarter valued at about $654,000. MBB Public Markets I LLC bought a new stake in Kraft Heinz in the 2nd quarter valued at about $2,001,000. Finally, Sei Investments Co. grew its holdings in Kraft Heinz by 12.8% during the 2nd quarter. Sei Investments Co. now owns 760,222 shares of the company’s stock valued at $24,495,000 after buying an additional 86,311 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Citigroup decreased their price objective on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Barclays increased their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $38.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.58.

Kraft Heinz Trading Down 0.8 %

Kraft Heinz stock opened at $34.74 on Friday. The business has a 50-day simple moving average of $35.28 and a two-hundred day simple moving average of $34.93. The company has a market cap of $42.00 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.48 and a beta of 0.49. The Kraft Heinz Company has a 52-week low of $31.08 and a 52-week high of $38.96. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period in the previous year, the firm earned $0.79 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz’s payout ratio is 102.56%.

Insiders Place Their Bets

In other news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

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.