The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,893 shares of the company’s stock after selling 1,378 shares during the period. Moors & Cabot Inc.’s holdings in Kraft Heinz were worth $1,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC lifted its position in Kraft Heinz by 249.5% during 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 period. New Covenant Trust Company N.A. acquired a new position in Kraft Heinz during the first quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz during the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. raised its position 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 worth $31,000 after acquiring an additional 797 shares during the period. Finally, Asset Dedication LLC raised its position in shares of Kraft Heinz by 94.8% in the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock worth $32,000 after acquiring an additional 476 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $30.88 on Thursday. The Kraft Heinz Company has a 52-week low of $30.40 and a 52-week high of $38.96. The company’s 50 day moving average is $34.24 and its two-hundred day moving average is $34.32. 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 firm has a market cap of $37.34 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 3.49 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio is presently 144.14%.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Barclays decreased 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 report on Friday, November 1st. Evercore ISI decreased 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 report on Wednesday, July 31st. Mizuho cut their target price 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. One research 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, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $36.55.

Insider Buying and Selling at Kraft Heinz

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