Ameritas Advisory Services LLC Has $813,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Ameritas Advisory Services LLC lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,465 shares of the company’s stock after buying an additional 2,025 shares during the period. Ameritas Advisory Services LLC’s holdings in Kraft Heinz were worth $813,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the fourth quarter worth $25,000. 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 purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Kraft Heinz in the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares in the last quarter. Finally, Bangor Savings Bank bought a new stake in shares of Kraft Heinz during the third quarter worth about $32,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $29.07 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The firm’s 50-day simple moving average is $30.68 and its 200 day simple moving average is $33.18. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.47 and a beta of 0.48. The Kraft Heinz Company has a fifty-two week low of $28.37 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, research analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.50%. The ex-dividend date was Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent research reports. Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Citigroup reduced their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $38.00 in a research note on Friday, October 25th. Finally, TD Cowen cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.23.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the business’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 approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% 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.