The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,226 shares of the company’s stock after acquiring an additional 925 shares during the quarter. Park Avenue Securities LLC’s holdings in Kraft Heinz were worth $590,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Kraft Heinz by 1,139.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after buying an additional 1,170,814 shares during the period. San Luis Wealth Advisors LLC increased its stake in shares of Kraft Heinz by 23.2% in the fourth quarter. San Luis Wealth Advisors LLC now owns 24,702 shares of the company’s stock worth $759,000 after acquiring an additional 4,648 shares during the period. Fiduciary Financial Group LLC increased its stake in shares of Kraft Heinz by 8.1% in the fourth quarter. Fiduciary Financial Group LLC now owns 10,742 shares of the company’s stock worth $306,000 after acquiring an additional 803 shares during the period. Ignite Planners LLC lifted its position in Kraft Heinz by 4.8% during the fourth quarter. Ignite Planners LLC now owns 18,411 shares of the company’s stock valued at $564,000 after purchasing an additional 847 shares during the period. Finally, Moody National Bank Trust Division boosted its holdings in Kraft Heinz by 3.7% in the fourth quarter. Moody National Bank Trust Division now owns 19,402 shares of the company’s stock valued at $596,000 after purchasing an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 1.4 %

NASDAQ KHC opened at $29.07 on Thursday. 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 Kraft Heinz Company has a 52 week low of $28.37 and a 52 week high of $38.96. The business’s fifty day simple moving average is $30.68 and its 200-day simple moving average is $33.18. The firm has a market cap of $35.15 billion, a PE ratio of 26.19, a P/E/G ratio of 3.47 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. Kraft Heinz’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders 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 annualized dividend and a yield of 5.50%. Kraft Heinz’s dividend payout ratio (DPR) is 144.14%.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the 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 completion of the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KHC. TD Cowen reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Finally, Piper Sandler restated a “neutral” rating and set a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average target price of $35.23.

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.