Banque Cantonale Vaudoise Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Banque Cantonale Vaudoise increased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 52.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,511 shares of the company's stock after buying an additional 58,665 shares during the quarter. Banque Cantonale Vaudoise's holdings in Kraft Heinz were worth $5,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in shares of Kraft Heinz during the first quarter valued at approximately $27,000. Fortitude Family Office LLC raised its stake in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock worth $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. boosted its position in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock valued at $31,000 after acquiring an additional 797 shares in the last quarter. Finally, Bangor Savings Bank purchased a new position in shares of Kraft Heinz during the 3rd quarter worth approximately $32,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock traded down $0.49 during midday trading on Tuesday, reaching $30.58. 14,507,710 shares of the company traded hands, compared to its average volume of 7,909,169. 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 Kraft Heinz Company has a 12 month low of $30.40 and a 12 month high of $38.96. The firm has a market capitalization of $36.98 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 3.56 and a beta of 0.49. The business has a 50 day moving average of $34.43 and a two-hundred day moving average of $34.38.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results 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 business had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. During the same period last year, the firm posted $0.72 earnings per share. The business's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.23%. Kraft Heinz's payout ratio is currently 144.14%.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now owns 168,195 shares of the company's stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

KHC has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and cut their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Evercore ISI reduced their price objective on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, July 31st. Finally, Piper Sandler restated a "neutral" rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $36.55.

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.