River Global Investors LLP Acquires 2,020 Shares of The Kraft Heinz Company (NASDAQ:KHC)

River Global Investors LLP grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 3.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 58,313 shares of the company’s stock after acquiring an additional 2,020 shares during the period. River Global Investors LLP’s holdings in Kraft Heinz were worth $2,046,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of KHC. Capital World Investors lifted its stake in shares of Kraft Heinz by 83.4% in the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after acquiring an additional 3,961,872 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares during the period. Marshall Wace LLP increased its holdings in Kraft Heinz by 260.8% in the second quarter. Marshall Wace LLP now owns 1,169,657 shares of the company’s stock valued at $37,686,000 after purchasing an additional 845,490 shares during the period. Poplar Forest Capital LLC acquired a new stake in Kraft Heinz in the second quarter valued at $26,353,000. Finally, Legal & General Group Plc increased its holdings in Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock valued at $292,061,000 after purchasing an additional 799,581 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Insider Activity at Kraft Heinz

In related 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 value 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.

Kraft Heinz Stock Up 0.5 %

Shares of KHC traded up $0.18 during trading hours on Friday, hitting $33.00. The stock had a trading volume of 7,751,547 shares, compared to its average volume of 7,208,059. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $34.92 and a 200-day simple moving average of $34.69. The firm has a market capitalization of $39.90 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.82 and a beta of 0.49. The Kraft Heinz Company has a 1-year low of $31.58 and a 1-year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its 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. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. Sell-side analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 4.85%. Kraft Heinz’s payout ratio is 144.14%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. Piper Sandler decreased their price objective on Kraft Heinz from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company increased their price objective on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $38.00 in a report on Friday, October 25th. Citigroup decreased their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Evercore ISI decreased their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.25.

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.