B. Riley Wealth Advisors Inc. Lowers Position in The Kraft Heinz Company (NASDAQ:KHC)

B. Riley Wealth Advisors Inc. lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,627 shares of the company’s stock after selling 3,417 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Kraft Heinz were worth $476,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MADDEN SECURITIES Corp lifted its holdings in shares of Kraft Heinz by 2.4% in the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after acquiring an additional 303 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Kraft Heinz by 2.5% during the second quarter. HB Wealth Management LLC now owns 13,013 shares of the company’s stock worth $419,000 after buying an additional 314 shares during the period. Axiom Advisory LLC grew its stake in shares of Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock valued at $227,000 after buying an additional 327 shares in the last quarter. Norden Group LLC raised its holdings in shares of Kraft Heinz by 3.8% in the 2nd quarter. Norden Group LLC now owns 9,321 shares of the company’s stock valued at $300,000 after buying an additional 339 shares during the period. Finally, Valley Wealth Managers Inc. lifted its stake in Kraft Heinz by 46.4% during the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock worth $35,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’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 transaction of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $30.10 on Friday. The stock’s 50-day simple moving average is $32.77 and its 200-day simple moving average is $33.69. The firm has a market capitalization of $36.40 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 3.57 and a beta of 0.48. The Kraft Heinz Company has a fifty-two week low of $30.05 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share 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 analysts’ expectations of $6.42 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts forecast that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.32%. Kraft Heinz’s dividend payout ratio is presently 144.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays dropped their target price on 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. Citigroup reduced their target price 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. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $38.00 in a research note on Friday, October 25th. Finally, Mizuho lowered their target price on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 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, the company currently has a consensus rating of “Hold” and a consensus target price of $36.55.

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.