Natixis Advisors LLC Purchases 48,436 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Natixis Advisors LLC grew its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 913,893 shares of the company's stock after buying an additional 48,436 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Kraft Heinz worth $32,087,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock valued at $26,000 after purchasing an additional 529 shares during the period. New Covenant Trust Company N.A. bought a new stake in Kraft Heinz in the 1st quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz during the 3rd quarter worth about $27,000. DiNuzzo Private Wealth Inc. raised its position in shares of 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 buying an additional 797 shares during the last quarter. Finally, Asset Dedication LLC lifted its stake in shares of Kraft Heinz by 94.8% in the second quarter. Asset Dedication LLC now owns 978 shares of the company's stock valued at $32,000 after buying an additional 476 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $0.07 during trading on Monday, reaching $31.07. The stock had a trading volume of 10,885,538 shares, compared to its average volume of 7,879,178. 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 stock has a market capitalization of $37.57 billion, a PE ratio of 28.05, a P/E/G ratio of 3.56 and a beta of 0.49. The business's 50-day moving average price is $34.53 and its 200 day moving average price is $34.42. The Kraft Heinz Company has a 52 week low of $30.40 and a 52 week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Kraft Heinz's revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.15%. Kraft Heinz's dividend payout ratio is currently 144.14%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Evercore ISI cut their price target on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their target price on Kraft Heinz from $34.00 to $32.00 and set a "sell" rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Citigroup lowered their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $37.00.

Insiders Place Their Bets

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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.