Ilex Capital Partners UK LLP Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

Ilex Capital Partners UK LLP purchased a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 808,160 shares of the company’s stock, valued at approximately $28,374,000. Kraft Heinz makes up 1.9% of Ilex Capital Partners UK LLP’s investment portfolio, making the stock its 19th biggest holding. Ilex Capital Partners UK LLP owned approximately 0.07% of Kraft Heinz at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Fortitude Family Office LLC raised its stake 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 worth $26,000 after acquiring an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after acquiring an additional 797 shares in the last quarter. Asset Dedication LLC raised its stake in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after acquiring an additional 476 shares in the last quarter. Finally, Bangor Savings Bank bought a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $32,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock traded down $0.12 during trading hours on Tuesday, hitting $31.49. The company’s stock had a trading volume of 1,390,350 shares, compared to its average volume of 7,994,198. The company has a 50 day moving average of $33.77 and a 200 day moving average of $34.10. The stock has a market cap of $38.08 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 3.65 and a beta of 0.48. 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 12-month low of $30.40 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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 net margin of 5.24% and a return on equity of 7.46%. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KHC shares. Citigroup cut their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Mizuho cut their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a research note on Friday, October 25th. The Goldman Sachs Group cut 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 note on Thursday, October 31st. Finally, Barclays cut their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.55.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction on 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 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 legal filing with the SEC, which is accessible through this hyperlink. 0.37% of the stock is currently owned by insiders.

About Kraft Heinz

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.