Atria Investments Inc Acquires 11,185 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Atria Investments Inc grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 36.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,959 shares of the company’s stock after buying an additional 11,185 shares during the quarter. Atria Investments Inc’s holdings in Kraft Heinz were worth $1,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of KHC. Bleakley Financial Group LLC increased its holdings in Kraft Heinz by 6.8% during the 1st quarter. Bleakley Financial Group LLC now owns 13,267 shares of the company’s stock worth $490,000 after acquiring an additional 842 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Kraft Heinz by 43.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,253 shares of the company’s stock worth $6,282,000 after buying an additional 51,876 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Kraft Heinz by 11.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 17,470 shares of the company’s stock worth $645,000 after buying an additional 1,751 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Kraft Heinz in the 1st quarter worth $212,000. Finally, Blair William & Co. IL increased its holdings in shares of Kraft Heinz by 2.4% in the 1st quarter. Blair William & Co. IL now owns 226,868 shares of the company’s stock worth $8,371,000 after buying an additional 5,336 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 2.0 %

Shares of KHC opened at $31.14 on Friday. 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 $30.40 and a twelve month high of $38.96. The stock has a market capitalization of $37.65 billion, a P/E ratio of 28.05, a PEG ratio of 3.67 and a beta of 0.49. The firm has a fifty day simple moving average of $34.62 and a two-hundred day simple moving average of $34.52.

Kraft Heinz (NASDAQ:KHC) last issued 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. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts anticipate 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 $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.14%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Ratings Changes

KHC has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Mizuho cut 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. The Goldman Sachs Group cut their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Evercore ISI cut their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Barclays cut their price objective on shares of 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. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average target price of $37.00.

Insider Buying and Selling

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 value of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

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.