The Kraft Heinz Company (NASDAQ:KHC) Position Increased by Adams Asset Advisors LLC

Adams Asset Advisors LLC raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 316,577 shares of the company's stock after acquiring an additional 59,974 shares during the period. Kraft Heinz makes up 1.2% of Adams Asset Advisors LLC's portfolio, making the stock its 23rd biggest position. Adams Asset Advisors LLC's holdings in Kraft Heinz were worth $9,722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. State Street Corp boosted its position in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC boosted its position in shares of Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock worth $669,821,000 after buying an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kraft Heinz in the third quarter worth about $411,304,000. Legal & General Group Plc boosted its position in shares of Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company's stock worth $292,061,000 after buying an additional 799,581 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded up $0.27 on Monday, reaching $28.78. 14,993,103 shares of the company were exchanged, compared to its average volume of 10,020,089. 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 company's 50-day moving average is $31.23 and its two-hundred day moving average is $33.34. The firm has a market cap of $34.80 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 3.62 and a beta of 0.48. The Kraft Heinz Company has a 1-year low of $28.48 and a 1-year high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business's quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts expect that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz's payout ratio is currently 144.14%.

Insider Buying and Selling at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KHC has been the subject of several analyst reports. Stifel Nicolaus downgraded Kraft Heinz from a "buy" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. Evercore ISI reissued an "in-line" rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Mizuho reduced 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. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, TD Cowen reduced their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $35.58.

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.