Natixis Advisors LLC Purchases 208,380 Shares of Kraft Heinz Company (NASDAQ:KHC)

Key Points

• Natixis Advisors LLC increased its stake in Kraft Heinz by 27.1% in the first quarter, owning approximately 0.08% of the company valued at $29.7 million.
• Kraft Heinz recently declared a quarterly dividend of $0.40, representing a 5.8% yield, set to be paid on September 26th.
• Analysts have mixed views on Kraft Heinz with a consensus rating of "Hold" and a revised average target price of $30.35 following various upgrades and downgrades.

Natixis Advisors LLC increased its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 27.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 977,489 shares of the company's stock after purchasing an additional 208,380 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Kraft Heinz worth $29,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rossby Financial LCC purchased a new stake in Kraft Heinz during the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new stake in shares of Kraft Heinz in the 1st quarter valued at about $33,000. Investment Management Corp VA ADV boosted its holdings in Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock valued at $35,000 after acquiring an additional 669 shares during the period. Pinney & Scofield Inc. purchased a new stake in Kraft Heinz during the 4th quarter valued at about $38,000. Finally, Abound Wealth Management grew its position in Kraft Heinz by 1,157.0% during the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after acquiring an additional 1,157 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares of the company's stock, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company's stock.

Kraft Heinz Stock Down 0.2%

Shares of KHC traded down $0.05 on Friday, reaching $27.41. The stock had a trading volume of 16,933,701 shares, compared to its average volume of 18,148,692. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.53. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of -6.10, a price-to-earnings-growth ratio of 3.20 and a beta of 0.23. The company has a 50-day simple moving average of $26.87 and a 200-day simple moving average of $28.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Sell-side analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date is Friday, August 29th. Kraft Heinz's dividend payout ratio is -35.63%.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Friday, May 9th. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, June 25th. Wells Fargo & Company raised their price target on shares of Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. UBS Group upped their price objective on shares of Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company's stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.35.

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.