EP Wealth Advisors LLC Purchases 19,288 Shares of The Kraft Heinz Company (NASDAQ:KHC)

EP Wealth Advisors LLC lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 53.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,695 shares of the company's stock after buying an additional 19,288 shares during the quarter. EP Wealth Advisors LLC's holdings in Kraft Heinz were worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Kovitz Investment Group Partners LLC raised its stake in Kraft Heinz by 16.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 112,241 shares of the company's stock worth $3,941,000 after buying an additional 15,747 shares during the period. Wellington Management Group LLP raised its position in shares of Kraft Heinz by 276.9% during the third quarter. Wellington Management Group LLP now owns 126,653 shares of the company's stock worth $4,447,000 after purchasing an additional 93,046 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Kraft Heinz in the 3rd quarter worth $3,522,000. Wallace Capital Management Inc. lifted its holdings in shares of Kraft Heinz by 8.8% in the 3rd quarter. Wallace Capital Management Inc. now owns 26,028 shares of the company's stock worth $914,000 after purchasing an additional 2,110 shares in the last quarter. Finally, State Street Corp grew its position in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

KHC stock traded down $0.13 during mid-day trading on Tuesday, hitting $31.59. The company had a trading volume of 12,110,887 shares, compared to its average volume of 8,120,395. 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 firm has a market cap of $38.20 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 3.52 and a beta of 0.48. The Kraft Heinz Company has a 12 month low of $30.40 and a 12 month high of $38.96. The stock's fifty day moving average price is $33.33 and its two-hundred day moving average price is $33.90.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.06%. Kraft Heinz's payout ratio is 144.14%.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 168,195 shares of the company's stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho cut their price target on Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price target for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Barclays dropped their price objective on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group reduced 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 note on Thursday, October 31st. Finally, Citigroup dropped their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and an average target price of $36.55.

About Kraft Heinz

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.