SG Americas Securities LLC Cuts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

SG Americas Securities LLC decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 96.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,981 shares of the company’s stock after selling 214,139 shares during the quarter. SG Americas Securities LLC’s holdings in Kraft Heinz were worth $245,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KHC. Clifford Capital Partners LLC boosted its stake in shares of Kraft Heinz by 21.4% during the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock valued at $14,656,000 after acquiring an additional 80,101 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Kraft Heinz by 13.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock valued at $74,053,000 after buying an additional 234,783 shares during the period. Smith Thornton Advisors LLC purchased a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $654,000. MBB Public Markets I LLC purchased a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $2,001,000. Finally, Sei Investments Co. raised its holdings in shares of Kraft Heinz by 12.8% during the 2nd quarter. Sei Investments Co. now owns 760,222 shares of the company’s stock valued at $24,495,000 after buying an additional 86,311 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on Kraft Heinz in a research note on Monday, August 12th. They set a “sell” rating and a $34.00 target price on the stock. Barclays boosted their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Bank of America cut their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $37.55.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the transaction, the insider now directly owns 143,970 shares in the company, valued at approximately $5,182,920. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Kraft Heinz Trading Down 1.4 %

KHC stock opened at $35.49 on Tuesday. The business has a fifty day moving average price of $35.23 and a 200 day moving average price of $34.93. The Kraft Heinz Company has a fifty-two week low of $31.08 and a fifty-two week high of $38.96. The stock has a market capitalization of $43.10 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 3.39 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. Analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 4.51%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

About Kraft Heinz

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.