The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 69.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,308 shares of the company’s stock after buying an additional 4,208 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Kraft Heinz were worth $317,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KHC. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz in the 4th quarter worth about $25,000. Fortitude Family Office LLC lifted its holdings in Kraft Heinz by 249.5% in the 3rd 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 in the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in Kraft Heinz by 1,077.0% in the 3rd 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 in the 3rd quarter valued at about $32,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on KHC shares. The Goldman Sachs Group reduced their target price 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. UBS Group reduced their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Mizuho dropped their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.77.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares in the company, valued at $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 available through the SEC website. 0.32% of the stock is owned by company insiders.

Kraft Heinz Stock Up 0.8 %

KHC opened at $29.31 on Friday. The firm has a 50 day moving average price of $30.57 and a 200 day moving average price of $33.13. The company has a market cap of $35.44 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The Kraft Heinz Company has a 1 year low of $28.37 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Sell-side analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s dividend payout ratio 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.