PFG Investments LLC Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

PFG Investments LLC increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 26.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,875 shares of the company's stock after purchasing an additional 9,272 shares during the quarter. PFG Investments LLC's holdings in Kraft Heinz were worth $1,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $25,000. Fortitude Family Office LLC boosted its holdings 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 acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. increased its stake in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock worth $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank acquired a new stake in shares of Kraft Heinz during the third quarter worth about $32,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KHC shares. Piper Sandler reaffirmed a "neutral" rating and set a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Barclays lowered their target price on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Finally, Mizuho reduced their price target on Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $34.77.

Insider Activity

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Kraft Heinz Stock Down 2.0 %

Shares of NASDAQ KHC traded down $0.61 during mid-day trading on Tuesday, reaching $29.59. The company had a trading volume of 8,271,629 shares, compared to its average volume of 9,253,102. The firm has a 50 day simple moving average of $30.51 and a two-hundred day simple moving average of $33.11. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. 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 stock has a market cap of $35.78 billion, a P/E ratio of 26.66, a PEG ratio of 3.45 and a beta of 0.48.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. 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 is currently 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.