Cerity Partners LLC Buys 25,444 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Cerity Partners LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 486,653 shares of the company's stock after acquiring an additional 25,444 shares during the quarter. Cerity Partners LLC's holdings in Kraft Heinz were worth $17,086,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Kraft Heinz by 24.5% during the 1st quarter. Janus Henderson Group PLC now owns 119,079 shares of the company's stock worth $4,391,000 after buying an additional 23,432 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Kraft Heinz by 14.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company's stock valued at $679,000 after buying an additional 2,548 shares during the period. California State Teachers Retirement System increased its position in shares of Kraft Heinz by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 1,436,242 shares of the company's stock valued at $52,997,000 after buying an additional 30,649 shares in the last quarter. Tidal Investments LLC raised its stake 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 buying an additional 9,327 shares during the period. Finally, KLCM Advisors Inc. lifted its holdings in Kraft Heinz by 7.3% during the first quarter. KLCM Advisors Inc. now owns 68,456 shares of the company's stock worth $2,526,000 after acquiring an additional 4,675 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Insider Activity at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction 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 of the company's stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a "buy" rating to a "hold" rating and cut their price objective for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Mizuho reduced their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Stifel Nicolaus downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. Barclays cut their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI dropped their price target on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and an average target price of $36.55.

Kraft Heinz Stock Performance

NASDAQ KHC traded up $0.21 during trading on Tuesday, reaching $32.02. 17,343,746 shares of the company's stock were exchanged, compared to its average volume of 8,014,961. 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 business has a 50 day moving average price of $34.01 and a 200-day moving average price of $34.22. The stock has a market capitalization of $38.72 billion, a P/E ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.49. The Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week 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 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 analyst estimates of $6.42 billion. During the same period in the previous year, the firm earned $0.72 EPS. The firm's revenue was down 2.8% compared to the same quarter last year. Sell-side analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz's payout ratio is 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.