The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 232.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,514 shares of the company’s stock after buying an additional 38,132 shares during the period. Advisors Asset Management Inc.’s holdings in Kraft Heinz were worth $1,914,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MADDEN SECURITIES Corp lifted its holdings in Kraft Heinz by 2.4% in the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock valued at $448,000 after acquiring an additional 303 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Kraft Heinz by 2.5% during the second quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock worth $419,000 after buying an additional 314 shares in the last quarter. Axiom Advisory LLC grew its position in Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after buying an additional 327 shares during the last quarter. Norden Group LLC grew its position in Kraft Heinz by 3.8% in the second quarter. Norden Group LLC now owns 9,321 shares of the company’s stock worth $300,000 after buying an additional 339 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in shares of Kraft Heinz by 46.4% in the second quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock valued at $35,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $31.81 on Monday. The firm has a market cap of $38.46 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 3.55 and a beta of 0.49. The Kraft Heinz Company has a 1 year low of $30.40 and a 1 year high of $38.96. 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 business has a fifty day simple moving average of $34.08 and a 200 day simple moving average of $34.24.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.03%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KHC. Mizuho decreased their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Piper Sandler restated a “neutral” rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Evercore ISI decreased their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, The Goldman Sachs Group decreased their price objective 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.55.

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.