Altrius Capital Management Inc Increases Stake in The Kraft Heinz Company (NASDAQ:KHC)

Altrius Capital Management Inc boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,852 shares of the company’s stock after acquiring an additional 4,042 shares during the quarter. Altrius Capital Management Inc’s holdings in Kraft Heinz were worth $4,454,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its position in shares of Kraft Heinz by 6.8% in the first quarter. Bleakley Financial Group LLC now owns 13,267 shares of the company’s stock valued at $490,000 after buying an additional 842 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Kraft Heinz by 43.8% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,253 shares of the company’s stock valued at $6,282,000 after buying an additional 51,876 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Kraft Heinz by 11.1% in the first quarter. Kingsview Wealth Management LLC now owns 17,470 shares of the company’s stock valued at $645,000 after buying an additional 1,751 shares in the last quarter. HBK Sorce Advisory LLC purchased a new stake in shares of Kraft Heinz in the first quarter valued at approximately $212,000. Finally, Blair William & Co. IL increased its position in shares of Kraft Heinz by 2.4% in the first quarter. Blair William & Co. IL now owns 226,868 shares of the company’s stock valued at $8,371,000 after buying an additional 5,336 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the 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 transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Down 3.4 %

NASDAQ KHC traded down $1.07 on Friday, reaching $30.72. 2,798,802 shares of the company were exchanged, compared to its average volume of 7,799,861. The business’s fifty day moving average price is $34.62 and its 200 day moving average price is $34.52. The stock has a market capitalization of $37.15 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.67 and a beta of 0.49. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a fifty-two week low of $30.67 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced 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 for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Wall Street Analyst Weigh In

Several brokerages recently commented on KHC. Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. Citigroup dropped their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Piper Sandler dropped their price target on Kraft Heinz from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. Finally, Barclays dropped their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of “Hold” and an average price target of $37.00.

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.