The Kraft Heinz Company (NASDAQ:KHC) Stock Position Lowered by Boxwood Ventures Inc.

Boxwood Ventures Inc. trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 30.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,039 shares of the company’s stock after selling 4,308 shares during the quarter. Kraft Heinz accounts for 0.5% of Boxwood Ventures Inc.’s investment portfolio, making the stock its 24th biggest holding. Boxwood Ventures Inc.’s holdings in Kraft Heinz were worth $352,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Kraft Heinz by 24.5% during the first quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock worth $4,391,000 after purchasing an additional 23,432 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Kraft Heinz by 14.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock valued at $679,000 after buying an additional 2,548 shares during the period. Atria Investments Inc grew its holdings in shares of Kraft Heinz by 4.2% during the 1st quarter. Atria Investments Inc now owns 55,632 shares of the company’s stock valued at $2,053,000 after acquiring an additional 2,224 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Kraft Heinz by 132.3% in the first quarter. Cetera Investment Advisers now owns 377,484 shares of the company’s stock worth $13,929,000 after acquiring an additional 215,015 shares during the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Kraft Heinz by 187.2% during the first quarter. Cetera Advisors LLC now owns 123,354 shares of the company’s stock worth $4,552,000 after acquiring an additional 80,396 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KHC. Barclays reduced their price target 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. Mizuho reduced their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. 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. Finally, Piper Sandler reissued a “neutral” rating and set a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.55.

Kraft Heinz Stock Up 0.1 %

KHC stock opened at $31.97 on Friday. 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 company has a 50-day moving average of $33.77 and a two-hundred day moving average of $34.11. The stock has a market capitalization of $38.66 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 3.65 and a beta of 0.49. The Kraft Heinz Company has a 52-week low of $30.40 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, equities research analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s payout ratio is currently 144.14%.

Insider Buying and Selling at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 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.