The Kraft Heinz Company (NASDAQ:KHC) Holdings Increased by Hartford Investment Management Co.

Hartford Investment Management Co. lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,335 shares of the company’s stock after acquiring an additional 4,941 shares during the period. Hartford Investment Management Co.’s holdings in Kraft Heinz were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KHC. Brookstone Capital Management grew its holdings in Kraft Heinz by 166.7% during the first quarter. Brookstone Capital Management now owns 72,083 shares of the company’s stock worth $2,660,000 after acquiring an additional 45,058 shares during the period. Janiczek Wealth Management LLC grew its stake in shares of Kraft Heinz by 409.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock worth $44,000 after purchasing an additional 954 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Kraft Heinz by 8.7% in the 1st quarter. Hennessy Advisors Inc. now owns 138,900 shares of the company’s stock worth $5,125,000 after purchasing an additional 11,100 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Kraft Heinz by 16.0% during the first quarter. Financial Management Professionals Inc. now owns 8,931 shares of the company’s stock valued at $330,000 after purchasing an additional 1,231 shares during the last quarter. Finally, MCF Advisors LLC boosted its holdings in Kraft Heinz by 2,049.0% during the first quarter. MCF Advisors LLC now owns 2,235 shares of the company’s stock worth $82,000 after buying an additional 2,131 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Down 1.3 %

Shares of NASDAQ:KHC opened at $35.03 on Friday. The Kraft Heinz Company has a 12-month low of $31.08 and a 12-month 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. The firm has a market capitalization of $42.54 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 3.39 and a beta of 0.49. The firm has a fifty day moving average of $35.27 and a two-hundred day moving average of $34.93.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. On average, equities analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced 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 4.57%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KHC shares. Bank of America 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 10th. JPMorgan Chase & Co. dropped their price target on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Citigroup decreased their target price on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.55.

Insiders Place Their Bets

In related news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. 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.