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

OneDigital Investment Advisors LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 28.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,479 shares of the company’s stock after acquiring an additional 4,769 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Kraft Heinz were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KHC. LSV Asset Management lifted its position in shares of Kraft Heinz by 2.1% in the 2nd quarter. LSV Asset Management now owns 9,107,688 shares of the company’s stock worth $293,450,000 after buying an additional 189,000 shares during the last quarter. Legal & General Group Plc lifted its holdings in Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock worth $292,061,000 after acquiring an additional 799,581 shares during the last quarter. Capital World Investors boosted its stake in Kraft Heinz by 83.4% in the first quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after acquiring an additional 3,961,872 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Kraft Heinz by 14.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,063,076 shares of the company’s stock worth $130,912,000 after purchasing an additional 505,180 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $30.58 on Wednesday. The Kraft Heinz Company has a 12 month low of $30.40 and a 12 month high of $38.96. The stock has a market cap 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 stock’s 50 day moving average price is $34.33 and its 200 day moving average price is $34.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts anticipate that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s dividend payout ratio is presently 144.14%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KHC. Wells Fargo & Company upped their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Citigroup dropped their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Piper Sandler reissued a “neutral” rating and set a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday. Barclays dropped their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $36.55.

Insider Buying and Selling

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by insiders.

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.