Royal London Asset Management Ltd. Has $63.03 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Royal London Asset Management Ltd. cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,795,273 shares of the company's stock after selling 24,886 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.15% of Kraft Heinz worth $63,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company's stock worth $186,350,000 after acquiring an additional 545,504 shares during the period. Clifford Capital Partners LLC grew its position in Kraft Heinz by 21.4% in the 2nd quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company's stock worth $14,656,000 after purchasing an additional 80,101 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company's stock valued at $5,988,000 after purchasing an additional 58,665 shares during the period. Easterly Investment Partners LLC raised its holdings in shares of Kraft Heinz by 39.4% during the third quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company's stock valued at $5,529,000 after buying an additional 44,485 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Kraft Heinz by 1,760.8% during the third quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company's stock worth $23,008,000 after buying an additional 620,096 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was 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 owns 168,195 shares in the company, valued at $5,626,122.75. This represents a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays lowered their target price on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Stifel Nicolaus downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a report on Friday, October 25th. Piper Sandler reiterated a "neutral" rating and issued a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and a consensus price target of $36.55.

Kraft Heinz Price Performance

KHC stock traded down $0.10 on Friday, hitting $30.81. 11,870,805 shares of the company's stock traded hands, compared to its average volume of 8,079,333. The stock has a market cap of $37.25 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 3.59 and a beta of 0.48. The Kraft Heinz Company has a 1-year low of $30.40 and a 1-year 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 fifty day moving average of $33.49 and a 200-day moving average of $33.99.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Kraft Heinz 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.