Polianta Ltd Acquires 7,700 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Polianta Ltd increased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 23.3% during the 4th quarter, HoldingsChannel reports. The fund owned 40,800 shares of the company’s stock after buying an additional 7,700 shares during the period. Polianta Ltd’s holdings in Kraft Heinz were worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after purchasing an additional 545,504 shares during the last quarter. Clifford Capital Partners LLC lifted its stake in shares of Kraft Heinz by 21.4% in the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock worth $14,656,000 after buying an additional 80,101 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of Kraft Heinz by 52.5% during the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock valued at $5,988,000 after buying an additional 58,665 shares during the last quarter. Brookstone Capital Management increased its position in shares of Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after acquiring an additional 238,913 shares in the last quarter. Finally, Easterly Investment Partners LLC raised its holdings in Kraft Heinz by 39.4% in the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after acquiring an additional 44,485 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 1.0 %

KHC stock opened at $29.27 on Friday. The business’s 50-day moving average price is $30.80 and its 200-day moving average price is $33.21. The stock has a market cap of $35.39 billion, a P/E ratio of 26.37, a PEG ratio of 3.29 and a beta of 0.48. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month 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.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data 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. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is 144.14%.

Analysts Set New Price Targets

A number of analysts have commented on KHC shares. Citigroup reduced their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler reiterated a “neutral” rating and issued a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.23.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 168,195 shares in the company, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.

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.