Ingalls & Snyder LLC Has $11.27 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Ingalls & Snyder LLC increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 248.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 320,949 shares of the company’s stock after purchasing an additional 228,760 shares during the quarter. Ingalls & Snyder LLC’s holdings in Kraft Heinz were worth $11,269,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz during the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. boosted its position in Kraft Heinz by 1,077.0% during 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 during the last quarter. Bangor Savings Bank bought a new stake in Kraft Heinz during the third quarter valued at $32,000. Finally, Capital Performance Advisors LLP bought a new stake in Kraft Heinz during the third quarter valued at $33,000. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the topic of a number of research analyst reports. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a research report on Friday, October 25th. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a report on Thursday, October 31st. Barclays dropped their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Mizuho dropped their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, 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 report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.55.

Insider Buying and Selling at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.37% of the company’s stock.

Kraft Heinz Stock Down 0.4 %

NASDAQ:KHC traded down $0.12 on Tuesday, hitting $31.49. The stock had a trading volume of 1,390,350 shares, compared to its average volume of 7,994,198. 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 stock has a market cap of $38.08 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 3.65 and a beta of 0.48. The Kraft Heinz Company has a 1 year low of $30.40 and a 1 year high of $38.96. The firm’s fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $34.10.

Kraft Heinz (NASDAQ:KHC) last posted 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 analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company 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 of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.08%. Kraft Heinz’s dividend payout ratio (DPR) is 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.