The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 486,653 shares of the company’s stock after purchasing an additional 25,444 shares during the period. Cerity Partners LLC’s holdings in Kraft Heinz were worth $17,086,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in Kraft Heinz by 24.5% during the first quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock worth $4,391,000 after purchasing an additional 23,432 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Kraft Heinz by 14.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock valued at $679,000 after buying an additional 2,548 shares during the last quarter. California State Teachers Retirement System raised its stake in Kraft Heinz by 2.2% during the 1st quarter. California State Teachers Retirement System now owns 1,436,242 shares of the company’s stock worth $52,997,000 after acquiring an additional 30,649 shares in the last quarter. Tidal Investments LLC lifted its position in Kraft Heinz by 14.2% in the first quarter. Tidal Investments LLC now owns 74,901 shares of the company’s stock valued at $2,763,000 after acquiring an additional 9,327 shares during the last quarter. Finally, KLCM Advisors Inc. boosted its stake in Kraft Heinz by 7.3% in the first quarter. KLCM Advisors Inc. now owns 68,456 shares of the company’s stock valued at $2,526,000 after acquiring an additional 4,675 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KHC shares. Piper Sandler reiterated 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. JPMorgan Chase & Co. reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Barclays lowered their target price on shares of 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. Wells Fargo & Company upped 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. Finally, Mizuho lowered their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.55.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Kraft Heinz Stock Up 0.7 %

Shares of NASDAQ:KHC opened at $32.02 on Tuesday. The Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week high of $38.96. 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 firm’s 50-day simple moving average is $34.01 and its 200-day simple moving average is $34.22. The company has a market cap of $38.72 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last released 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. The company 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 firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.40 per share. 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 payout ratio is currently 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.