International Assets Investment Management LLC Sells 589,935 Shares of The Kraft Heinz Company (NASDAQ:KHC)

International Assets Investment Management LLC lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 95.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,199 shares of the company’s stock after selling 589,935 shares during the period. International Assets Investment Management LLC’s holdings in Kraft Heinz were worth $806,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC increased its holdings in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the third quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares in the last quarter. Bangor Savings Bank bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at $33,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 0.4 %

KHC opened at $29.66 on Friday. The stock has a 50-day moving average of $31.33 and a 200 day moving average of $33.36. 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 Kraft Heinz Company has a 12 month low of $29.23 and a 12 month high of $38.96. The firm has a market cap of $35.86 billion, a P/E ratio of 26.72, a P/E/G ratio of 3.62 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion for 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 company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, research analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. Kraft Heinz’s dividend payout ratio is presently 144.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KHC shares. Mizuho cut their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Piper Sandler reissued a “neutral” rating and set a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Citigroup dropped 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. TD Cowen reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Barclays cut their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.58.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently 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.