The Kraft Heinz Company (NASDAQ:KHC) Position Reduced by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,935 shares of the company’s stock after selling 1,829 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Kraft Heinz were worth $3,560,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz in the 4th quarter valued at about $25,000. Fortitude Family Office LLC grew its position in Kraft Heinz by 249.5% during the third 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 purchased a new stake in Kraft Heinz in the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares during the period. Finally, Bangor Savings Bank acquired a new stake in shares of Kraft Heinz during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays cut their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Citigroup dropped their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a research report on Friday, October 25th. Finally, The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.23.

Kraft Heinz Trading Up 1.0 %

Shares of NASDAQ:KHC opened at $29.27 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The stock’s 50-day moving average is $30.87 and its 200-day moving average is $33.22. The company has a market cap of $35.39 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.29 and a beta of 0.48. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’s revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.47%. The ex-dividend date was Friday, November 29th. Kraft Heinz’s payout ratio is currently 144.14%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.37% of the company’s stock.

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.