Verus Capital Partners LLC Sells 693 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Verus Capital Partners LLC trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,901 shares of the company’s stock after selling 693 shares during the quarter. Verus Capital Partners LLC’s holdings in Kraft Heinz were worth $348,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KHC. Bleakley Financial Group LLC increased its holdings in Kraft Heinz by 6.8% in the 1st quarter. Bleakley Financial Group LLC now owns 13,267 shares of the company’s stock valued at $490,000 after buying an additional 842 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Kraft Heinz by 43.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,253 shares of the company’s stock valued at $6,282,000 after buying an additional 51,876 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Kraft Heinz by 5.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 890,650 shares of the company’s stock valued at $34,441,000 after buying an additional 48,867 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Kraft Heinz by 19.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,077,537 shares of the company’s stock valued at $39,761,000 after buying an additional 173,774 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in Kraft Heinz by 11.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 17,470 shares of the company’s stock valued at $645,000 after buying an additional 1,751 shares during the period. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 0.4 %

NASDAQ:KHC opened at $32.13 on Thursday. The firm’s 50 day simple moving average is $34.79 and its 200 day simple moving average is $34.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a one year low of $31.58 and a one year high of $38.96. The company has a market cap of $38.85 billion, a PE ratio of 28.95, a P/E/G ratio of 3.65 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.72 EPS. On average, research analysts anticipate that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be given 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 4.98%. Kraft Heinz’s dividend payout ratio (DPR) is currently 144.14%.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’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 value of $1,505,250.00. Following the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Mizuho decreased their price target 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. Citigroup decreased their price target 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. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $38.00 in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and a consensus target price of $37.25.

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.