The Kraft Heinz Company (NASDAQ:KHC) Position Lessened by Captrust Financial Advisors

Captrust Financial Advisors cut its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 22.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,799 shares of the company's stock after selling 18,249 shares during the period. Captrust Financial Advisors' holdings in Kraft Heinz were worth $2,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Fortitude Family Office LLC lifted its holdings in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock worth $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during the 3rd quarter worth about $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock worth $31,000 after buying an additional 797 shares during the last quarter. Asset Dedication LLC lifted its holdings in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company's stock valued at $32,000 after purchasing an additional 476 shares during the last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of Kraft Heinz in the 3rd quarter valued at about $32,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a "buy" rating to a "hold" rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Barclays lowered their target price on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a report on Thursday, October 31st. Piper Sandler reissued a "neutral" rating and issued a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Finally, Citigroup lowered their target price on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.55.

Kraft Heinz Trading Down 0.3 %

Shares of Kraft Heinz stock traded down $0.10 during trading hours on Friday, reaching $30.81. The stock had a trading volume of 11,870,805 shares, compared to its average volume of 8,079,333. The firm has a 50 day simple moving average of $33.49 and a two-hundred day simple moving average of $33.99. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 3.59 and a beta of 0.48. 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 1 year low of $30.40 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.19%. Kraft Heinz's dividend payout ratio (DPR) is currently 144.14%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm'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 transaction 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 trade represents a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by insiders.

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.