The Kraft Heinz Company (NASDAQ:KHC) Position Raised by Czech National Bank

Czech National Bank raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 191,387 shares of the company’s stock after purchasing an additional 11,587 shares during the quarter. Czech National Bank’s holdings in Kraft Heinz were worth $5,877,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KHC. Fortitude Family Office LLC boosted its position in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the third quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. grew its position in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares during the last quarter. Bangor Savings Bank bought a new position in shares of Kraft Heinz in the third quarter valued at $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz during the 3rd quarter valued at $33,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 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 trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $28.71 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a one year low of $28.48 and a one year high of $38.96. The business’s 50-day moving average price is $31.04 and its two-hundred day moving average price is $33.29. The company has a market capitalization of $34.72 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.62 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. Analysts anticipate 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 was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.57%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Barclays dropped 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. Piper Sandler restated a “neutral” rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and an average price target of $35.58.

Kraft Heinz Company 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.