Clifford Capital Partners LLC Sells 14,967 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Clifford Capital Partners LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 439,917 shares of the company’s stock after selling 14,967 shares during the period. Kraft Heinz accounts for approximately 3.1% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Clifford Capital Partners LLC’s holdings in Kraft Heinz were worth $15,445,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC increased its stake in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares during the period. New Covenant Trust Company N.A. bought a new position in Kraft Heinz during the 1st quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in Kraft Heinz during the 3rd quarter worth $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares in the last quarter. Finally, Asset Dedication LLC increased its stake in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KHC shares. Piper Sandler reiterated a “neutral” rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. JPMorgan Chase & Co. decreased their price target 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. Citigroup decreased their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Mizuho decreased their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.55.

Kraft Heinz Trading Down 0.2 %

Shares of KHC stock opened at $31.97 on Wednesday. The firm has a market capitalization of $38.66 billion, a P/E ratio of 28.80, a P/E/G ratio of 3.66 and a beta of 0.49. The Kraft Heinz Company has a twelve month low of $30.40 and a twelve month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $33.95 and its 200 day simple moving average is $34.19.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating 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 firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 5.00%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Insider Buying and Selling at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.37% of the company’s stock.

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.