Easterly Investment Partners LLC Buys 44,485 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Easterly Investment Partners LLC boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 39.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,479 shares of the company's stock after purchasing an additional 44,485 shares during the period. Easterly Investment Partners LLC's holdings in Kraft Heinz were worth $5,529,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LSV Asset Management grew its holdings in shares of Kraft Heinz by 2.1% during the 2nd quarter. LSV Asset Management now owns 9,107,688 shares of the company's stock worth $293,450,000 after acquiring an additional 189,000 shares during the period. Legal & General Group Plc grew its stake in shares of Kraft Heinz by 9.7% in the 2nd quarter. Legal & General Group Plc now owns 9,064,592 shares of the company's stock worth $292,061,000 after buying an additional 799,581 shares during the last quarter. Capital World Investors grew its stake in shares of Kraft Heinz by 83.4% in the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company's stock worth $321,388,000 after buying an additional 3,961,872 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kraft Heinz by 47.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company's stock worth $178,379,000 after buying an additional 1,778,263 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Kraft Heinz by 14.2% in the 2nd quarter. AQR Capital Management LLC now owns 4,063,076 shares of the company's stock worth $130,912,000 after buying an additional 505,180 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

NASDAQ:KHC traded up $0.18 on Friday, reaching $33.00. 7,751,004 shares of the company's stock traded hands, compared to its average volume of 7,794,743. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $34.92 and a 200-day simple moving average of $34.69. The firm has a market cap of $39.90 billion, a PE ratio of 29.73, a P/E/G ratio of 3.81 and a beta of 0.49. The Kraft Heinz Company has a 12 month low of $31.58 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Equities research analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued 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 yield of 4.85%. Kraft Heinz's dividend payout ratio 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 stock was 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 approximately $5,626,122.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KHC. Mizuho cut their price target on Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $38.00 to $37.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Evercore ISI cut their target price on Kraft Heinz from $42.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a "buy" rating to a "hold" rating and cut their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Finally, Citigroup cut their target price on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $37.25.

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.