The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 33.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,440 shares of the company’s stock after selling 2,229 shares during the period. Rosenberg Matthew Hamilton’s holdings in Kraft Heinz were worth $136,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KHC. MADDEN SECURITIES Corp grew its stake in Kraft Heinz by 2.4% during the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock valued at $448,000 after acquiring an additional 303 shares in the last quarter. Axiom Advisory LLC boosted its holdings in shares of Kraft Heinz by 5.2% during the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after purchasing an additional 327 shares during the period. Trust Co. of Vermont grew its position in Kraft Heinz by 3.6% during the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock valued at $365,000 after purchasing an additional 358 shares in the last quarter. Pinnacle Financial Partners Inc increased its stake in Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after buying an additional 381 shares during the period. Finally, Smith Thornton Advisors LLC lifted its position in Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after buying an additional 435 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KHC has been the topic of several research analyst reports. Evercore ISI restated an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. The Goldman Sachs Group cut their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Barclays lowered their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Mizuho cut 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.58.

Kraft Heinz Trading Down 0.2 %

NASDAQ:KHC opened at $28.71 on Wednesday. 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 company’s 50 day moving average is $31.04 and its 200-day moving average is $33.29. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 3.62 and a beta of 0.48. The Kraft Heinz Company has a 12 month low of $28.48 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released 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. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. Equities analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.