Entropy Technologies LP Sells 68,101 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Entropy Technologies LP decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 78.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,212 shares of the company's stock after selling 68,101 shares during the period. Entropy Technologies LP's holdings in Kraft Heinz were worth $639,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its holdings in shares of Kraft Heinz by 43.5% during the third quarter. Venturi Wealth Management LLC now owns 2,948 shares of the company's stock worth $104,000 after purchasing an additional 894 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the 3rd quarter valued at $27,000. Los Angeles Capital Management LLC lifted its stake in shares of Kraft Heinz by 1,760.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company's stock valued at $23,008,000 after acquiring an additional 620,096 shares during the last quarter. River Global Investors LLP increased its holdings in Kraft Heinz by 3.6% in the 3rd quarter. River Global Investors LLP now owns 58,313 shares of the company's stock worth $2,046,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Kraft Heinz by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 58,460 shares of the company's stock worth $2,053,000 after purchasing an additional 970 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Down 2.0 %

KHC stock traded down $0.65 during trading on Friday, reaching $31.14. 17,402,126 shares of the stock were exchanged, compared to its average volume of 7,865,633. 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 twelve month low of $30.40 and a twelve month high of $38.96. The firm's 50 day moving average is $34.62 and its 200 day moving average is $34.52. The firm has a market cap of $37.65 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 3.67 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for 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%. Kraft Heinz's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. As a group, research analysts forecast that The Kraft Heinz Company will post 3.01 EPS 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 given 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 5.14%. Kraft Heinz's payout ratio is 144.14%.

Analysts Set New Price Targets

A number of research firms have weighed in on KHC. Stifel Nicolaus lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, October 25th. Citigroup lowered their price objective on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Finally, Evercore ISI lowered their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $37.00.

Insider Buying and Selling at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 168,195 shares of the company's stock, valued at $5,626,122.75. This trade 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. Company insiders own 0.32% of the company's stock.

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.