The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,386 shares of the company’s stock after purchasing an additional 2,957 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Kraft Heinz were worth $2,547,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KHC. Daiwa Securities Group Inc. raised its holdings in Kraft Heinz by 7.9% in the third quarter. Daiwa Securities Group Inc. now owns 96,470 shares of the company’s stock valued at $3,217,000 after acquiring an additional 7,093 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Kraft Heinz by 419.3% in the second quarter. Allianz Asset Management GmbH now owns 419,701 shares of the company’s stock valued at $16,007,000 after acquiring an additional 338,875 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Kraft Heinz by 8.9% in the third quarter. J.W. Cole Advisors Inc. now owns 6,087 shares of the company’s stock valued at $203,000 after acquiring an additional 499 shares in the last quarter. Natixis raised its holdings in Kraft Heinz by 62.1% in the second quarter. Natixis now owns 227,275 shares of the company’s stock valued at $8,695,000 after acquiring an additional 87,027 shares in the last quarter. Finally, Cabot Wealth Management Inc. raised its holdings in Kraft Heinz by 4.8% in the third quarter. Cabot Wealth Management Inc. now owns 138,525 shares of the company’s stock valued at $4,620,000 after acquiring an additional 6,344 shares in the last quarter. 68.80% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

KHC stock opened at $38.18 on Friday. The company has a market capitalization of $46.77 billion, a P/E ratio of 19.99, a PEG ratio of 3.45 and a beta of 0.70. The company has a 50-day simple moving average of $39.88 and a 200 day simple moving average of $38.31. The Kraft Heinz Company has a fifty-two week low of $32.73 and a fifty-two week high of $44.87. The company has a quick ratio of 0.47, a current ratio of 0.87 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, March 9th. Kraft Heinz’s payout ratio is 83.77%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Flavio Torres sold 250,571 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were 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 of the company’s stock, valued at approximately $7,479,947.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kraft Heinz news, EVP Flavio Torres sold 250,571 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were 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 of the company’s stock, valued at approximately $7,479,947.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melissa Werneck sold 3,500 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $42.39, for a total transaction of $148,365.00. Following the sale, the executive vice president now directly owns 266,583 shares of the company’s stock, valued at $11,300,453.37. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Credit Suisse Group reaffirmed an “underperform” rating and issued a $38.00 price target (up from $36.00) on shares of Kraft Heinz in a report on Thursday, February 16th. Wells Fargo & Company assumed coverage on shares of Kraft Heinz in a research note on Tuesday, January 3rd. They set an “equal weight” rating and a $43.00 target price for the company. Piper Sandler boosted their target price on shares of Kraft Heinz from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, February 13th. Morgan Stanley boosted their target price on shares of Kraft Heinz from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 17th. Finally, UBS Group boosted their target price on shares of Kraft Heinz from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.92.

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.