Linden Thomas Advisory Services LLC Reduces Stake in The Kraft Heinz Company (NASDAQ:KHC)

Linden Thomas Advisory Services LLC lessened its position in The Kraft Heinz Company (NASDAQ:KHC) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,054 shares of the company’s stock after selling 1,695 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Kraft Heinz were worth $1,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KHC. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz in the fourth quarter worth $25,000. Fortitude Family Office LLC lifted its position in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Kraft Heinz during the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its position in 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 purchased a new position in Kraft Heinz during the third quarter valued at $32,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Mizuho decreased their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Hold” and an average target price of $34.77.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Up 0.8 %

Shares of NASDAQ KHC opened at $29.31 on Friday. The business’s 50 day moving average is $30.53 and its two-hundred day moving average is $33.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a 1-year low of $28.37 and a 1-year high of $38.96. The stock has a market capitalization of $35.44 billion, a P/E ratio of 26.41, a PEG ratio of 3.45 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping 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 company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts expect that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.46%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

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.