Quantinno Capital Management LP Acquires 73,684 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Quantinno Capital Management LP increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 88.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,152 shares of the company's stock after purchasing an additional 73,684 shares during the quarter. Quantinno Capital Management LP's holdings in Kraft Heinz were worth $5,518,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. MADDEN SECURITIES Corp lifted its position in shares of Kraft Heinz by 2.4% during the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company's stock worth $448,000 after buying an additional 303 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Kraft Heinz by 2.5% in the 2nd quarter. HB Wealth Management LLC now owns 13,013 shares of the company's stock valued at $419,000 after purchasing an additional 314 shares in the last quarter. Axiom Advisory LLC grew its holdings in shares of Kraft Heinz by 5.2% during the 3rd quarter. Axiom Advisory LLC now owns 6,594 shares of the company's stock valued at $227,000 after purchasing an additional 327 shares during the last quarter. Norden Group LLC increased its holdings in shares of Kraft Heinz by 3.8% during the second quarter. Norden Group LLC now owns 9,321 shares of the company's stock worth $300,000 after buying an additional 339 shares in the last quarter. Finally, Valley Wealth Managers Inc. grew its position in Kraft Heinz by 46.4% during the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company's stock worth $35,000 after acquiring an additional 340 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded down $0.10 during mid-day trading on Friday, reaching $30.81. The company had a trading volume of 11,870,805 shares, compared to its average volume of 10,482,401. The company's 50-day moving average price is $33.40 and its 200-day moving average price is $33.94. The Kraft Heinz Company has a one year low of $30.40 and a one year high of $38.96. The firm has a market cap of $37.25 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 3.54 and a beta of 0.48. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. 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 previous year, the business posted $0.72 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.19%. The ex-dividend date is Friday, November 29th. Kraft Heinz's dividend payout ratio is presently 144.14%.

Analysts Set New Price Targets

Several analysts recently weighed in on KHC shares. Citigroup reduced their price objective 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. Piper Sandler reiterated a "neutral" rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group reduced their target price on Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and lowered their price target for the stock from $40.00 to $38.00 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $36.55.

Insider Buying and Selling at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm's 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 of the company's stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company's stock.

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.