The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Reduced by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp lowered its position in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,573 shares of the company’s stock after selling 15,100 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Kraft Heinz were worth $878,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KHC. Daiwa Securities Group Inc. boosted its stake in shares of Kraft Heinz by 7.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 96,470 shares of the company’s stock worth $3,217,000 after acquiring an additional 7,093 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Kraft Heinz by 419.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 419,701 shares of the company’s stock valued at $16,007,000 after purchasing an additional 338,875 shares during the period. Birmingham Capital Management Co. Inc. AL grew its holdings in Kraft Heinz by 1.6% in the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 58,790 shares of the company’s stock valued at $1,961,000 after buying an additional 910 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Kraft Heinz by 8.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,087 shares of the company’s stock worth $203,000 after buying an additional 499 shares during the period. Finally, Natixis lifted its holdings in shares of Kraft Heinz by 62.1% during the second quarter. Natixis now owns 227,275 shares of the company’s stock worth $8,695,000 after buying an additional 87,027 shares during the last quarter. Hedge funds and other institutional investors own 68.80% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock traded down $0.55 during mid-day trading on Friday, hitting $37.63. 11,363,643 shares of the company were exchanged, compared to its average volume of 7,053,136. The company has a quick ratio of 0.47, a current ratio of 0.87 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $39.78 and a 200 day moving average of $38.31. The Kraft Heinz Company has a 1-year low of $32.73 and a 1-year high of $44.87. The company has a market capitalization of $46.10 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 3.45 and a beta of 0.70.

Kraft Heinz (NASDAQ:KHC – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Kraft Heinz had a return on equity of 7.03% and a net margin of 8.92%. The firm had revenue of $7.38 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Kraft Heinz Company will post 2.72 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 9th. This represents a $1.60 annualized dividend and a yield of 4.25%. Kraft Heinz’s dividend payout ratio is currently 83.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KHC shares. Piper Sandler increased their price objective on Kraft Heinz from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Kraft Heinz from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Morgan Stanley increased their price objective on Kraft Heinz from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 17th. Mizuho increased their price objective on Kraft Heinz from $48.00 to $50.00 in a research report on Friday, January 6th. Finally, Wells Fargo & Company assumed coverage on Kraft Heinz in a research report on Tuesday, January 3rd. They issued an “equal weight” rating and a $43.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $42.92.

Insiders Place Their Bets

In other news, EVP Flavio Torres sold 250,571 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $39.58, for a total value of $9,917,600.18. Following the completion of the sale, the executive vice president now directly owns 188,983 shares in the company, valued at $7,479,947.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Flavio Torres sold 250,571 shares of the firm’s stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $39.58, for a total value of $9,917,600.18. Following the completion of the sale, the executive vice president now directly owns 188,983 shares in the company, valued at $7,479,947.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Melissa Werneck sold 3,500 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $42.39, for a total value of $148,365.00. Following the completion of the sale, the executive vice president now owns 266,583 shares of the company’s stock, valued at $11,300,453.37. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Kraft Heinz Profile

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The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.