The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by FLC Capital Advisors

FLC Capital Advisors increased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 121.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,653 shares of the company's stock after purchasing an additional 10,214 shares during the quarter. FLC Capital Advisors' holdings in Kraft Heinz were worth $573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Uncommon Cents Investing LLC boosted its position in Kraft Heinz by 2.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 75,510 shares of the company's stock valued at $2,319,000 after acquiring an additional 1,515 shares in the last quarter. UMB Bank n.a. boosted its position in Kraft Heinz by 32.2% during the fourth quarter. UMB Bank n.a. now owns 4,100 shares of the company's stock valued at $126,000 after purchasing an additional 999 shares in the last quarter. Ellsworth Advisors LLC grew its stake in Kraft Heinz by 6.2% in the fourth quarter. Ellsworth Advisors LLC now owns 148,617 shares of the company's stock valued at $4,564,000 after purchasing an additional 8,683 shares during the last quarter. Polianta Ltd lifted its position in shares of Kraft Heinz by 23.3% during the fourth quarter. Polianta Ltd now owns 40,800 shares of the company's stock valued at $1,252,000 after buying an additional 7,700 shares during the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of Kraft Heinz by 8.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 26,465 shares of the company's stock worth $813,000 after buying an additional 2,025 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company's stock in a transaction dated 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 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 filing with the SEC, which is available through this link. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. Citigroup dropped 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. Piper Sandler reissued a "neutral" rating and set a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Finally, Mizuho lowered their price target on Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $35.23.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded up $0.30 during trading hours on Monday, reaching $29.27. The stock had a trading volume of 7,978,023 shares, compared to its average volume of 8,205,660. The stock's 50 day moving average is $30.80 and its 200 day moving average is $33.22. 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 Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The firm has a market capitalization of $35.39 billion, a PE ratio of 26.37, a PEG ratio of 3.29 and a beta of 0.48.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for 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%. Kraft Heinz's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. Equities analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were given a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.47%. Kraft Heinz's dividend payout ratio (DPR) 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.