Qsemble Capital Management LP Acquires 92,090 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Qsemble Capital Management LP increased its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 1,460.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 98,394 shares of the company’s stock after buying an additional 92,090 shares during the quarter. Qsemble Capital Management LP’s holdings in Kraft Heinz were worth $3,455,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in shares of Kraft Heinz in the 1st quarter worth $27,000. Fortitude Family Office LLC boosted its position in Kraft Heinz by 249.5% in 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 last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its stake 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 worth $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank bought a new position in shares of Kraft Heinz in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KHC. Deutsche Bank Aktiengesellschaft cut shares of 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 report on Thursday, October 31st. Wells Fargo & Company lifted their target price 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. The Goldman Sachs Group reduced their price target 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. Citigroup cut their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.55.

Kraft Heinz Trading Up 0.7 %

Shares of Kraft Heinz stock opened at $32.02 on Tuesday. 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 business has a 50-day moving average price of $34.01 and a 200-day moving average price of $34.22. The firm has a market cap of $38.72 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.49.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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 business had revenue of $6.38 billion for the quarter, compared to the consensus estimate 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 EPS. Equities research analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.00%. Kraft Heinz’s dividend payout ratio (DPR) is currently 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.