Altrius Capital Management Inc Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Altrius Capital Management Inc boosted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,852 shares of the company’s stock after purchasing an additional 4,042 shares during the quarter. Altrius Capital Management Inc’s holdings in Kraft Heinz were worth $4,454,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Empirical Finance LLC increased its holdings in Kraft Heinz by 2.6% during the 3rd quarter. Empirical Finance LLC now owns 25,987 shares of the company’s stock worth $912,000 after purchasing an additional 653 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Kraft Heinz by 4.4% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 23,105 shares of the company’s stock valued at $811,000 after acquiring an additional 968 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Kraft Heinz by 7.8% in the 3rd quarter. CIBC Asset Management Inc now owns 359,786 shares of the company’s stock valued at $12,632,000 after acquiring an additional 25,887 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Kraft Heinz by 28.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 21,479 shares of the company’s stock valued at $754,000 after acquiring an additional 4,769 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Kraft Heinz by 6.1% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 25,789 shares of the company’s stock valued at $905,000 after acquiring an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on KHC shares. Mizuho dropped their price objective on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $38.00 in a report on Friday, October 25th. 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. Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $37.00.

Kraft Heinz Stock Performance

Kraft Heinz stock traded down $1.07 during mid-day trading on Friday, reaching $30.72. 2,798,802 shares of the company were exchanged, compared to its average volume of 7,799,861. The Kraft Heinz Company has a twelve month low of $30.67 and a twelve month high of $38.96. The firm’s 50-day simple moving average is $34.62 and its two-hundred day simple moving average is $34.52. 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 firm has a market cap of $37.15 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 3.67 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last posted 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 company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. Equities 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.21%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

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.