7,500 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by West Tower Group LLC

West Tower Group LLC bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,500 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors have also recently made changes to their positions in the business. Janus Henderson Group PLC grew its position in Kraft Heinz by 24.5% during the first quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock valued at $4,391,000 after buying an additional 23,432 shares during the period. B. Riley Wealth Advisors Inc. grew its position in Kraft Heinz by 14.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock valued at $679,000 after buying an additional 2,548 shares during the period. California State Teachers Retirement System grew its position in Kraft Heinz by 2.2% during the first quarter. California State Teachers Retirement System now owns 1,436,242 shares of the company’s stock valued at $52,997,000 after buying an additional 30,649 shares during the period. Tidal Investments LLC grew its position in Kraft Heinz by 14.2% during the first quarter. Tidal Investments LLC now owns 74,901 shares of the company’s stock valued at $2,763,000 after buying an additional 9,327 shares during the period. Finally, KLCM Advisors Inc. grew its position in Kraft Heinz by 7.3% during the first quarter. KLCM Advisors Inc. now owns 68,456 shares of the company’s stock valued at $2,526,000 after buying an additional 4,675 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $32.02 on Tuesday. The company’s 50-day moving average price is $34.01 and its 200-day moving average price is $34.22. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company has a market cap of $38.72 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.63 and a beta of 0.49. The Kraft Heinz Company has a twelve month low of $30.40 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping 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 previous year, the firm earned $0.72 earnings per share. Kraft Heinz’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore ISI dropped their price target on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup dropped their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Barclays dropped 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 research report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $36.55.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’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 value of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is owned by 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.