304,769 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Banco Santander S.A.

Banco Santander S.A. bought a new stake in The Kraft Heinz Company (NASDAQ:KHC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 304,769 shares of the company’s stock, valued at approximately $10,700,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Clifford Capital Partners LLC boosted its holdings in Kraft Heinz by 21.4% in the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock valued at $14,656,000 after purchasing an additional 80,101 shares during the period. Banque Cantonale Vaudoise increased its position in Kraft Heinz by 52.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the period. Easterly Investment Partners LLC increased its position in Kraft Heinz by 39.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after purchasing an additional 44,485 shares during the period. Lazard Asset Management LLC grew its holdings in shares of Kraft Heinz by 13.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock worth $74,053,000 after acquiring an additional 234,783 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in Kraft Heinz by 1,760.8% during the third quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company’s stock worth $23,008,000 after buying an additional 620,096 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KHC. Piper Sandler restated 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. Mizuho cut 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. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays lowered their target price 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given 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 price target of $36.55.

Insider Transactions at Kraft Heinz

In other Kraft Heinz 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 stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

Kraft Heinz Stock Performance

Shares of KHC opened at $31.10 on Friday. The Kraft Heinz Company has a 52 week low of $30.40 and a 52 week high of $38.96. The company’s 50 day moving average price is $34.16 and its 200 day moving average price is $34.29. 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 company has a market capitalization of $37.60 billion, a PE ratio of 28.01, a PEG ratio of 3.49 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results 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 return on equity of 7.46% and a net margin of 5.24%. The company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.15%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

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.