The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 28.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,479 shares of the company’s stock after purchasing an additional 4,769 shares during the period. OneDigital Investment Advisors LLC’s holdings in Kraft Heinz were worth $754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. New Covenant Trust Company N.A. purchased a new stake in shares of Kraft Heinz in the 1st quarter worth about $27,000. Fortitude Family Office LLC raised its position in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz in the 3rd quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. increased its position in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after buying an additional 797 shares in the last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of Kraft Heinz in the third quarter valued at $32,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KHC. Citigroup reduced their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Barclays cut their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Mizuho cut their price target on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $38.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $36.55.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $30.58 on Wednesday. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 3.56 and a beta of 0.49. 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 Kraft Heinz Company has a 1-year low of $30.40 and a 1-year high of $38.96. The business has a 50-day moving average of $34.33 and a 200-day moving average of $34.34.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data 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. 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 the consensus estimate of $6.42 billion. During the same quarter last year, the company earned $0.72 earnings per share. Kraft Heinz’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.23%. Kraft Heinz’s payout ratio is currently 144.14%.

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 shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade 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 hyperlink. Insiders own 0.37% 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.