Linden Thomas Advisory Services LLC Has $1.35 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Linden Thomas Advisory Services LLC cut its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,054 shares of the company’s stock after selling 1,695 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Kraft Heinz were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fortitude Family Office LLC increased its stake in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the 3rd quarter worth approximately $27,000. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $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 during the 3rd quarter worth approximately $32,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.8 %

Shares of NASDAQ KHC opened at $29.31 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The Kraft Heinz Company has a 52 week low of $28.37 and a 52 week high of $38.96. The stock has a market capitalization of $35.44 billion, a P/E ratio of 26.41, a PEG ratio of 3.45 and a beta of 0.48. The stock’s fifty day moving average is $30.53 and its 200 day moving average is $33.11.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion during 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 quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share. Sell-side analysts forecast that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Citigroup cut their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Barclays cut their price objective on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Mizuho cut their price objective on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Stifel Nicolaus cut their price target on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.77.

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 dated 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 sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.