The Kraft Heinz Company (NASDAQ:KHC) Position Lessened by Marshall Financial Group LLC

Marshall Financial Group LLC trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,156 shares of the company’s stock after selling 645 shares during the period. Marshall Financial Group LLC’s holdings in Kraft Heinz were worth $373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KHC. Sawyer & Company Inc bought a new position in Kraft Heinz during the fourth quarter valued at about $25,000. Fortitude Family Office LLC raised its holdings 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 buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Kraft Heinz during the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares in the last quarter. Finally, Bangor Savings Bank bought a new position in Kraft Heinz during the third quarter valued at about $32,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 completion of the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Up 0.8 %

KHC stock opened at $29.31 on Monday. The company has a market cap of $35.44 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96. The business’s 50-day simple moving average is $30.53 and its 200 day simple moving average is $33.12.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. On average, research analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s dividend payout ratio is 144.14%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KHC shares. Mizuho cut 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. The Goldman Sachs Group lowered their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Barclays lowered their price target on 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. Finally, Wells Fargo & Company lowered their price target on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.77.

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.