Signaturefd LLC Has $601,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Signaturefd LLC trimmed its position in The Kraft Heinz Company (NASDAQ:KHC) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,117 shares of the company’s stock after selling 1,544 shares during the quarter. Signaturefd LLC’s holdings in Kraft Heinz were worth $601,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Kraft Heinz in the first quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after acquiring an additional 797 shares in the last quarter. Asset Dedication LLC lifted its position in shares of Kraft Heinz by 94.8% during the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after acquiring an additional 476 shares during the period. Bangor Savings Bank acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth $32,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Kraft Heinz in the second quarter worth $34,000. Institutional investors own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the transaction, the insider now owns 143,970 shares in the company, valued at approximately $5,182,920. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $35.03 on Friday. The firm has a market capitalization of $42.54 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 3.39 and a beta of 0.49. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $35.27 and its 200-day moving average price is $34.93. The Kraft Heinz Company has a 12 month low of $31.08 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. Equities research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz’s payout ratio is presently 69.87%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KHC. Evercore ISI reduced their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of Kraft Heinz in a research report on Monday, August 12th. They set a “sell” rating and a $34.00 price objective for the company. Bank of America reduced their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Barclays boosted their price target on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $37.55.

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.