Natixis Advisors LLC Has $32.09 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Natixis Advisors LLC raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 913,893 shares of the company’s stock after buying an additional 48,436 shares during the quarter. Natixis Advisors LLC’s holdings in Kraft Heinz were worth $32,087,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KHC. Clifford Capital Partners LLC grew its stake in Kraft Heinz by 21.4% in the 2nd 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. Easterly Investment Partners LLC boosted its holdings in shares of Kraft Heinz by 39.4% in the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after buying an additional 44,485 shares during the last quarter. Lazard Asset Management LLC grew its position in Kraft Heinz by 13.2% during the first quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock valued at $74,053,000 after buying an additional 234,783 shares during the period. Los Angeles Capital Management LLC increased its holdings 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 during the last quarter. Finally, Smith Thornton Advisors LLC bought a new stake in Kraft Heinz in the second quarter worth about $654,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $31.14 on Monday. The Kraft Heinz Company has a fifty-two week low of $30.40 and a fifty-two week high of $38.96. The firm’s fifty day moving average price is $34.53 and its 200-day moving average price is $34.42. The stock has a market cap of $37.65 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

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 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 return on equity of 7.46% and a net margin of 5.24%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, equities research analysts expect that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 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 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 completion of the sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KHC shares. JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group lowered their target price 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. Mizuho cut their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. 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 report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

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.