Janney Montgomery Scott LLC Has $9.36 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Janney Montgomery Scott LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,674 shares of the company's stock after selling 10,238 shares during the period. Janney Montgomery Scott LLC's holdings in Kraft Heinz were worth $9,357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MADDEN SECURITIES Corp grew its stake in shares of Kraft Heinz by 2.4% in the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company's stock valued at $448,000 after purchasing an additional 303 shares during the period. Axiom Advisory LLC grew its position in Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company's stock valued at $227,000 after acquiring an additional 327 shares during the period. Trust Co. of Vermont raised its stake in Kraft Heinz by 3.6% during the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company's stock worth $365,000 after acquiring an additional 358 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after acquiring an additional 380 shares during the period. Finally, Pinnacle Financial Partners Inc grew its holdings in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock worth $336,000 after purchasing an additional 381 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Down 2.0 %

Shares of Kraft Heinz stock traded down $0.61 during trading on Tuesday, reaching $29.59. 8,271,629 shares of the company were exchanged, compared to its average volume of 9,253,102. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The business has a 50-day moving average price of $30.51 and a 200-day moving average price of $33.11. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $35.78 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 3.45 and a beta of 0.48.

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, beating analysts' consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. Kraft Heinz's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. Sell-side analysts anticipate that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz's dividend payout ratio (DPR) is presently 144.14%.

Insider Transactions at Kraft Heinz

In related 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 transaction, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on KHC. Evercore ISI restated an "in-line" rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered 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 research report on Thursday, October 31st. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Barclays decreased 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. Finally, TD Cowen reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $34.77.

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.