Fiduciary Financial Group LLC Has $306,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Fiduciary Financial Group LLC grew its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 8.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,742 shares of the company’s stock after acquiring an additional 803 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Kraft Heinz were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its holdings in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares during the last quarter. Bangor Savings Bank acquired a new position in Kraft Heinz during the third quarter worth $32,000. Finally, Capital Performance Advisors LLP acquired a new position in Kraft Heinz during the third quarter worth $33,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the company’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 completion of the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Up 0.1 %

KHC opened at $28.73 on Thursday. The Kraft Heinz Company has a twelve month low of $28.42 and a twelve month high of $38.96. The company has a 50-day simple moving average of $31.04 and a 200 day simple moving average of $33.29. 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 capitalization of $34.74 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.62 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share 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 analysts’ expectations of $6.42 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. Kraft Heinz’s revenue was down 2.8% compared to the same quarter last year. Analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho lowered their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Barclays lowered their target price 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. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Stifel Nicolaus downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $38.00 in a report on Friday, October 25th. Finally, Piper Sandler restated a “neutral” rating and set a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.58.

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.