Jamison Private Wealth Management Inc. Has $446,000 Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Jamison Private Wealth Management Inc. lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 41.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,524 shares of the company’s stock after selling 10,388 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Kraft Heinz were worth $446,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz in the 4th quarter valued at about $25,000. Fortitude Family Office LLC boosted its holdings in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the 3rd quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the last quarter. Finally, Bangor Savings Bank bought a new stake in shares of Kraft Heinz in the 3rd quarter valued at $32,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.8 %

KHC stock opened at $29.31 on Friday. The firm has a market capitalization of $35.44 billion, a PE ratio of 26.41, a P/E/G 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 stock’s 50 day moving average is $30.53 and its 200-day moving average is $33.11.

Kraft Heinz (NASDAQ:KHCGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) 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 the consensus estimate of $6.42 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts expect that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KHC. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Stifel Nicolaus cut their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday. Piper Sandler reiterated a “neutral” rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. The Goldman Sachs Group cut their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Finally, Mizuho lowered their price objective 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.77.

Get Our Latest Analysis on KHC

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

About Kraft Heinz

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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