52,743 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,743 shares of the company's stock, valued at approximately $1,620,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KHC. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter worth about $25,000. Fortitude Family Office LLC raised its position in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Kraft Heinz during the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock valued at $31,000 after purchasing an additional 797 shares in the last quarter. Finally, Bangor Savings Bank bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at approximately $32,000. 78.17% of the stock is currently owned by institutional investors.

Insider Activity 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 dated 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 transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents 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 the SEC website. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on KHC. Evercore ISI restated an "in-line" rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Wells Fargo & Company cut their price objective on Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Barclays lowered their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Stifel Nicolaus downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday, October 25th. Finally, UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.23.

Kraft Heinz Trading Up 1.0 %

NASDAQ:KHC traded up $0.30 during trading hours on Friday, hitting $29.27. 7,978,023 shares of the stock were exchanged, compared to its average volume of 8,205,660. The company has a market capitalization of $35.39 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. 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 company's 50 day moving average is $30.80 and its two-hundred day moving average is $33.21. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Friday, November 29th. Kraft Heinz's dividend payout ratio (DPR) is 144.14%.

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.