MCF Advisors LLC Purchases 1,224 Shares of The Kraft Heinz Company (NASDAQ:KHC)

MCF Advisors LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,136 shares of the company’s stock after buying an additional 1,224 shares during the quarter. MCF Advisors LLC’s holdings in Kraft Heinz were worth $526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of Kraft Heinz by 6.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,555 shares of the company’s stock valued at $1,919,000 after buying an additional 3,583 shares during the period. Sei Investments Co. increased its position in shares of Kraft Heinz by 12.8% during the 2nd quarter. Sei Investments Co. now owns 760,222 shares of the company’s stock worth $24,495,000 after purchasing an additional 86,311 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Kraft Heinz by 9.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,175 shares of the company’s stock worth $253,000 after purchasing an additional 639 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Kraft Heinz by 47.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 14,551 shares of the company’s stock valued at $469,000 after buying an additional 4,714 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Kraft Heinz by 11.6% during the second quarter. Bank of Montreal Can now owns 1,775,889 shares of the company’s stock worth $62,351,000 after buying an additional 184,932 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on KHC. Mizuho cut their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Citigroup reduced their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Finally, UBS Group cut their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.23.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $29.48 on Wednesday. The firm’s fifty day moving average price is $30.73 and its two-hundred day moving average price is $33.20. The stock has a market cap of $35.65 billion, a PE ratio of 26.56, a PEG ratio of 3.47 and a beta of 0.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The Kraft Heinz Company has a fifty-two week low of $28.37 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted 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 firm 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 business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. On average, equities analysts expect that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s payout ratio is currently 144.14%.

Kraft Heinz 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.