Polianta Ltd Raises Position in The Kraft Heinz Company (NASDAQ:KHC)

Polianta Ltd boosted its position in The Kraft Heinz Company (NASDAQ:KHC) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,800 shares of the company’s stock after purchasing an additional 7,700 shares during the period. Polianta Ltd’s holdings in Kraft Heinz were worth $1,252,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Ameritas Advisory Services LLC increased its stake in shares of Kraft Heinz by 8.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 26,465 shares of the company’s stock worth $813,000 after purchasing an additional 2,025 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in Kraft Heinz by 12.7% during the 4th quarter. Premier Path Wealth Partners LLC now owns 40,141 shares of the company’s stock valued at $1,233,000 after acquiring an additional 4,514 shares during the period. Arkadios Wealth Advisors lifted its position in shares of Kraft Heinz by 20.8% during the fourth quarter. Arkadios Wealth Advisors now owns 26,123 shares of the company’s stock worth $802,000 after acquiring an additional 4,499 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Kraft Heinz by 46.4% in the fourth quarter. Merit Financial Group LLC now owns 12,573 shares of the company’s stock valued at $386,000 after purchasing an additional 3,986 shares in the last quarter. Finally, Tompkins Financial Corp raised its stake in shares of Kraft Heinz by 175.2% during the 4th quarter. Tompkins Financial Corp now owns 2,174 shares of the company’s stock valued at $67,000 after purchasing an additional 1,384 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the company’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 transaction 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 $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on KHC shares. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. UBS Group cut their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. Mizuho decreased their target price 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. Finally, TD Cowen dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.23.

Kraft Heinz Price Performance

KHC stock opened at $29.27 on Friday. The firm 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 firm’s fifty day moving average is $30.80 and its 200 day moving average is $33.21. The Kraft Heinz Company has a 52 week low of $28.37 and a 52 week high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion for 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 company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Dividend Announcement

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