The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 42.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,178 shares of the company's stock after selling 44,176 shares during the quarter. Quantbot Technologies LP's holdings in Kraft Heinz were worth $2,078,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Fortitude Family Office LLC increased 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 valued at $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. raised its stake 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 during the last quarter. Asset Dedication LLC lifted its position in Kraft Heinz by 94.8% during 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. Finally, Bangor Savings Bank acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Citigroup lowered their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Kraft Heinz from $34.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus downgraded Kraft Heinz from a "buy" rating to a "hold" rating and decreased their price target for the company from $40.00 to $38.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $36.55.

Insider Activity at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on 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 approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.

Kraft Heinz Trading Up 0.1 %

Shares of NASDAQ:KHC traded up $0.04 during trading on Friday, reaching $31.97. The stock had a trading volume of 5,883,760 shares, compared to its average volume of 10,506,980. The stock has a market cap of $38.66 billion, a P/E ratio of 28.77, a PEG ratio of 3.65 and a beta of 0.49. 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 Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week high of $38.96. The business has a fifty day moving average price of $33.83 and a 200-day moving average price of $34.16.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping 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 company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.00%. Kraft Heinz's dividend payout ratio is presently 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.