41,715 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,715 shares of the company’s stock, valued at approximately $1,465,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LSV Asset Management raised its stake in Kraft Heinz by 2.1% during the 2nd quarter. LSV Asset Management now owns 9,107,688 shares of the company’s stock worth $293,450,000 after acquiring an additional 189,000 shares in the last quarter. Legal & General Group Plc increased its position in shares of Kraft Heinz by 9.7% during the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock worth $292,061,000 after purchasing an additional 799,581 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kraft Heinz by 47.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Kraft Heinz by 14.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,063,076 shares of the company’s stock valued at $130,912,000 after purchasing an additional 505,180 shares during the period. Finally, Cooke & Bieler LP grew its stake in Kraft Heinz by 4.7% during the 2nd quarter. Cooke & Bieler LP now owns 3,402,510 shares of the company’s stock worth $109,629,000 after buying an additional 153,490 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $31.81 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $34.08 and a 200 day moving average price of $34.26. The Kraft Heinz Company has a 52 week low of $30.40 and a 52 week high of $38.96. The company has a market cap of $38.46 billion, a P/E ratio of 28.66, a PEG ratio of 3.55 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the firm earned $0.72 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.03%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.55.

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.