Taylor Hoffman Wealth Management reduced its position in Kraft Heinz Co (NASDAQ:KHC) by 6.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,255 shares of the company’s stock after selling 507 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Kraft Heinz were worth $203,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Kraft Heinz by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,427,138 shares of the company’s stock worth $1,503,178,000 after purchasing an additional 630,178 shares in the last quarter. BlackRock Inc. boosted its position in shares of Kraft Heinz by 5.1% during the 2nd quarter. BlackRock Inc. now owns 38,743,271 shares of the company’s stock worth $1,202,590,000 after purchasing an additional 1,884,480 shares in the last quarter. Invesco Ltd. boosted its position in shares of Kraft Heinz by 2.7% during the 2nd quarter. Invesco Ltd. now owns 20,084,226 shares of the company’s stock worth $623,415,000 after purchasing an additional 527,530 shares in the last quarter. Northern Trust Corp boosted its position in shares of Kraft Heinz by 4.5% during the 2nd quarter. Northern Trust Corp now owns 7,780,206 shares of the company’s stock worth $241,497,000 after purchasing an additional 336,299 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Kraft Heinz by 21.0% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,316,259 shares of the company’s stock worth $148,510,000 after purchasing an additional 922,376 shares in the last quarter. 56.67% of the stock is currently owned by institutional investors.

In related news, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.44, for a total transaction of $712,952,605.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jorge P. Lemann acquired 3,496,503 shares of Kraft Heinz stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of $28.60 per share, for a total transaction of $99,999,985.80. Following the completion of the purchase, the director now directly owns 3,516,449 shares of the company’s stock, valued at $100,570,441.40. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Several research firms recently commented on KHC. Bank of America set a $32.00 price objective on shares of Kraft Heinz and gave the stock a “neutral” rating in a research report on Friday, August 9th. Barclays set a $32.00 price objective on shares of Kraft Heinz and gave the stock a “hold” rating in a research report on Friday, November 1st. Credit Suisse Group set a $26.00 price objective on shares of Kraft Heinz and gave the stock a “sell” rating in a research report on Friday, August 9th. BidaskClub upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Kraft Heinz in a research report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.26.

NASDAQ:KHC traded up $0.13 on Friday, reaching $32.85. The stock had a trading volume of 4,422,700 shares, compared to its average volume of 9,605,735. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.65. The firm’s fifty day moving average is $28.58 and its two-hundred day moving average is $29.56. Kraft Heinz Co has a 12-month low of $24.86 and a 12-month high of $54.87.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Thursday, October 31st. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.15. The company had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Kraft Heinz had a positive return on equity of 6.23% and a negative net margin of 42.85%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 EPS. As a group, research analysts forecast that Kraft Heinz Co will post 2.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Thursday, November 14th. Kraft Heinz’s dividend payout ratio (DPR) is currently 45.33%.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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