Qsemble Capital Management LP Purchases 92,090 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Qsemble Capital Management LP grew its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1,460.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 98,394 shares of the company’s stock after buying an additional 92,090 shares during the period. Qsemble Capital Management LP’s holdings in Kraft Heinz were worth $3,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in Kraft Heinz by 24.5% in the 1st quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock valued at $4,391,000 after buying an additional 23,432 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Kraft Heinz by 14.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock valued at $679,000 after purchasing an additional 2,548 shares during the period. California State Teachers Retirement System grew its stake in Kraft Heinz by 2.2% in the first quarter. California State Teachers Retirement System now owns 1,436,242 shares of the company’s stock worth $52,997,000 after purchasing an additional 30,649 shares in the last quarter. Tidal Investments LLC increased its holdings in Kraft Heinz by 14.2% during the 1st quarter. Tidal Investments LLC now owns 74,901 shares of the company’s stock worth $2,763,000 after purchasing an additional 9,327 shares during the period. Finally, KLCM Advisors Inc. raised its position in Kraft Heinz by 7.3% during the 1st quarter. KLCM Advisors Inc. now owns 68,456 shares of the company’s stock valued at $2,526,000 after purchasing an additional 4,675 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KHC. Piper Sandler reaffirmed a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Barclays reduced their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $38.00 in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. One equities 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.55.

Insiders Place Their Bets

In other Kraft Heinz 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 sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is currently owned by insiders.

Kraft Heinz Trading Up 0.7 %

NASDAQ KHC opened at $32.02 on Tuesday. The stock has a market cap of $38.72 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.63 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 12-month low of $30.40 and a 12-month high of $38.96. The company has a fifty day simple moving average of $34.01 and a two-hundred day simple moving average of $34.22.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations 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 was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

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 issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.00%. Kraft Heinz’s dividend payout ratio (DPR) 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.