The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP lifted its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1,460.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,394 shares of the company's stock after buying an additional 92,090 shares during the period. Qsemble Capital Management LP's holdings in Kraft Heinz were worth $3,455,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KHC. 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 worth $26,000 after purchasing an additional 529 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Kraft Heinz during the 1st quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the 3rd quarter worth $27,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock worth $31,000 after acquiring an additional 797 shares during the period. Finally, Asset Dedication LLC lifted its stake in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company's stock worth $32,000 after acquiring an additional 476 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

NASDAQ:KHC traded down $0.05 during mid-day trading on Tuesday, hitting $31.97. 8,430,889 shares of the company's stock traded hands, compared to its average volume of 8,017,197. 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's 50 day simple moving average is $33.95 and its 200 day simple moving average is $34.19. The Kraft Heinz Company has a 1 year low of $30.40 and a 1 year high of $38.96. The company has a market cap of $38.66 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.63 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share 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 firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period last year, the firm posted $0.72 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. Sell-side analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current 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 issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.00%. Kraft Heinz's dividend payout ratio (DPR) is presently 144.14%.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at $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 SEC, which is available through the SEC website. Insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

KHC has been the subject of several recent analyst reports. Stifel Nicolaus cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. Barclays reduced their target price on shares of 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. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 1st. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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.