Northwest & Ethical Investments L.P. Sells 7,706 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Northwest & Ethical Investments L.P. lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 17.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,685 shares of the company’s stock after selling 7,706 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Kraft Heinz were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC boosted its position in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. grew its stake in Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares in the last quarter. Asset Dedication LLC increased its holdings in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after buying an additional 476 shares during the last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of Kraft Heinz during the 3rd quarter valued at $32,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Up 0.1 %

KHC opened at $31.97 on Friday. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.65 and a beta of 0.49. The Kraft Heinz Company has a one year low of $30.40 and a one year high of $38.96. The business has a 50 day simple moving average of $33.77 and a two-hundred day simple moving average of $34.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Mizuho reduced their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Piper Sandler reiterated a “neutral” rating and set a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup lowered their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average price target 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.