Natixis Trims Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Natixis reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 91.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,961 shares of the company’s stock after selling 970,921 shares during the quarter. Natixis’ holdings in Kraft Heinz were worth $3,172,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Solutions LLC purchased a new position in Kraft Heinz during the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $32,000. BKM Wealth Management LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $33,000. Transcendent Capital Group LLC acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $38,000. Finally, Janiczek Wealth Management LLC grew its holdings in Kraft Heinz by 409.4% in the first quarter. Janiczek Wealth Management LLC now owns 1,187 shares of the company’s stock valued at $44,000 after purchasing an additional 954 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 0.1 %

Kraft Heinz stock traded up $0.04 during trading on Friday, reaching $33.33. 510,348 shares of the company were exchanged, compared to its average volume of 7,844,625. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $38.96. The company has a market capitalization of $40.47 billion, a P/E ratio of 14.54, a PEG ratio of 3.32 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $33.51 and its two-hundred day simple moving average is $35.46.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts expect that The Kraft Heinz Company will post 2.99 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were given a $0.40 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a yield of 4.80%. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, June 27th. Bank of America lowered their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Citigroup lowered their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Piper Sandler lowered their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.83.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of Kraft Heinz stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total value of $364,533.00. Following the sale, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.

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.