Stifel Financial Corp Buys 65,826 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Stifel Financial Corp lifted its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,225,952 shares of the company’s stock after buying an additional 65,826 shares during the quarter. Stifel Financial Corp’s holdings in Kraft Heinz were worth $43,043,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KHC. Quantinno Capital Management LP increased its position in Kraft Heinz by 88.3% during the 3rd quarter. Quantinno Capital Management LP now owns 157,152 shares of the company’s stock worth $5,518,000 after buying an additional 73,684 shares during the period. Petrus Trust Company LTA increased its position in Kraft Heinz by 8.4% during the third quarter. Petrus Trust Company LTA now owns 20,630 shares of the company’s stock worth $724,000 after acquiring an additional 1,595 shares during the period. Penn Mutual Asset Management bought a new position in Kraft Heinz during the third quarter worth about $211,000. Menard Financial Group LLC increased its holdings in shares of Kraft Heinz by 25.7% during the third quarter. Menard Financial Group LLC now owns 10,924 shares of the company’s stock worth $384,000 after purchasing an additional 2,232 shares during the period. Finally, IHT Wealth Management LLC bought a new position in shares of Kraft Heinz during the third quarter worth approximately $238,000. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In related 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 completion of the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $30.81 on Friday. The stock has a market cap of $37.25 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 3.54 and a beta of 0.48. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average is $33.40 and its 200-day moving average is $33.94. The Kraft Heinz Company has a 1-year low of $30.40 and a 1-year high of $38.96.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.19%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KHC. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Citigroup decreased their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Barclays decreased their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a research note on Friday, October 25th. Finally, Mizuho decreased their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.55.

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.