Union Savings Bank Lowers Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Union Savings Bank trimmed its position in The Kraft Heinz Company (NASDAQ:KHC) by 74.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 887 shares of the company’s stock after selling 2,560 shares during the quarter. Union Savings Bank’s holdings in Kraft Heinz were worth $27,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $25,000. Fortitude Family Office LLC increased its stake in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted 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 valued at $31,000 after acquiring an additional 797 shares in the last quarter. Finally, Bangor Savings Bank bought a new position in shares of Kraft Heinz in the third quarter worth about $32,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KHC. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler reiterated a “neutral” rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Barclays dropped their target price 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. Stifel Nicolaus downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price target for the company from $40.00 to $38.00 in a report on Friday, October 25th. Finally, Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $35.23.

Insider Buying and Selling

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’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 transaction, the executive vice president now owns 168,195 shares in the company, valued at $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 through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Kraft Heinz Trading Up 1.0 %

Shares of NASDAQ KHC opened at $29.27 on Monday. The stock has a market capitalization of $35.39 billion, a P/E ratio of 26.37, a PEG ratio of 3.29 and a beta of 0.48. The Kraft Heinz Company has a 1-year low of $28.37 and a 1-year high of $38.96. The business’s 50 day moving average is $30.80 and its two-hundred day moving average is $33.21. 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 released 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. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, research analysts expect that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.47%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Kraft Heinz Company 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.