Ellsworth Advisors LLC Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Ellsworth Advisors LLC raised its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,617 shares of the company’s stock after purchasing an additional 8,683 shares during the quarter. Ellsworth Advisors LLC’s holdings in Kraft Heinz were worth $4,564,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KHC. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $25,000. Fortitude Family Office LLC increased its stake in Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz during the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. boosted its stake in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI reissued an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. Finally, TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Kraft Heinz has a consensus rating of “Hold” and an average target price of $35.23.

Kraft Heinz Trading Up 1.0 %

KHC opened at $29.27 on Monday. The firm’s 50 day moving average is $30.80 and its 200-day moving average is $33.21. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week 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 firm has a market capitalization of $35.39 billion, a P/E ratio of 26.37, a P/E/G ratio of 3.29 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Analysts expect that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 5.47%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.37% of the stock is owned by company insiders.

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.