11,953 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by MQS Management LLC

MQS Management LLC bought a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 11,953 shares of the company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also bought and sold shares of KHC. Bleakley Financial Group LLC raised its holdings in Kraft Heinz by 6.8% in the 1st quarter. Bleakley Financial Group LLC now owns 13,267 shares of the company’s stock worth $490,000 after purchasing an additional 842 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Kraft Heinz by 43.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,253 shares of the company’s stock valued at $6,282,000 after acquiring an additional 51,876 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Kraft Heinz by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 890,650 shares of the company’s stock worth $34,441,000 after acquiring an additional 48,867 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Kraft Heinz by 19.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,077,537 shares of the company’s stock worth $39,761,000 after purchasing an additional 173,774 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Kraft Heinz by 11.1% during the 1st quarter. Kingsview Wealth Management LLC now owns 17,470 shares of the company’s stock valued at $645,000 after purchasing an additional 1,751 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction, the executive vice president now owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KHC. The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. Evercore ISI lowered their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Mizuho reduced their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Barclays dropped their target price on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $37.25.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $32.13 on Thursday. The Kraft Heinz Company has a 52-week low of $31.58 and a 52-week high of $38.96. 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 stock has a market cap of $38.85 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 3.65 and a beta of 0.49. The business has a 50-day simple moving average of $34.79 and a 200-day simple moving average of $34.55.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating 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 company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.98%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s 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.