The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lifted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,510 shares of the company’s stock after purchasing an additional 1,515 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Kraft Heinz were worth $2,319,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Kraft Heinz by 6.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,555 shares of the company’s stock worth $1,919,000 after acquiring an additional 3,583 shares during the period. Intech Investment Management LLC increased its position in Kraft Heinz by 24.0% during the second quarter. Intech Investment Management LLC now owns 198,300 shares of the company’s stock worth $6,389,000 after purchasing an additional 38,365 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Kraft Heinz by 1.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 121,755 shares of the company’s stock worth $3,923,000 after purchasing an additional 1,674 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Kraft Heinz by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,893,968 shares of the company’s stock valued at $61,024,000 after purchasing an additional 119,200 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Kraft Heinz by 29.1% during the 2nd quarter. AE Wealth Management LLC now owns 90,265 shares of the company’s stock valued at $2,908,000 after buying an additional 20,365 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KHC. Wells Fargo & Company reduced their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group reduced their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday. TD Cowen dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.23.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction 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 sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $29.27 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm’s fifty day moving average price is $30.80 and its 200 day moving average price is $33.21. The company has a market capitalization of $35.39 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The Kraft Heinz Company has a 12-month low of $28.37 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. On average, research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

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