Aviso Wealth Management Purchases 8,338 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Aviso Wealth Management boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,397 shares of the company’s stock after buying an additional 8,338 shares during the period. Kraft Heinz makes up approximately 1.3% of Aviso Wealth Management’s portfolio, making the stock its 14th biggest position. Aviso Wealth Management’s holdings in Kraft Heinz were worth $2,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its stake in Kraft Heinz by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,702,842 shares of the company’s stock valued at $94,897,000 after purchasing an additional 9,000 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Kraft Heinz by 23.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company’s stock valued at $1,848,000 after purchasing an additional 9,833 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Kraft Heinz by 9.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 108,792 shares of the company’s stock worth $3,820,000 after buying an additional 9,157 shares during the last quarter. RIA Advisory Group LLC purchased a new position in shares of Kraft Heinz in the 3rd quarter worth approximately $375,000. Finally, Natixis Advisors LLC boosted its stake in shares of Kraft Heinz by 5.6% in the 3rd quarter. Natixis Advisors LLC now owns 913,893 shares of the company’s stock worth $32,087,000 after buying an additional 48,436 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Transactions at Kraft Heinz

In other 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KHC. Mizuho cut 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. Citigroup cut their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $31.14 on Monday. The company has a 50-day simple moving average of $34.53 and a two-hundred day simple moving average of $34.42. 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 12-month low of $30.40 and a 12-month high of $38.96. The firm has a market cap of $37.65 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.56 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 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business posted $0.72 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued 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 5.14%. Kraft Heinz’s dividend payout ratio is currently 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.