Mn Services Vermogensbeheer B.V. Sells 8,100 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Mn Services Vermogensbeheer B.V. reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,200 shares of the company’s stock after selling 8,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Kraft Heinz were worth $11,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KHC. New Covenant Trust Company N.A. bought a new position in shares of Kraft Heinz during the first quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its stake in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in shares of Kraft Heinz by 1,077.0% during 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 in the last quarter. Bangor Savings Bank bought a new position in shares of Kraft Heinz during the third quarter valued at approximately $32,000. Finally, Asset Dedication LLC boosted its stake in shares of Kraft Heinz by 94.8% during the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Trading Up 0.4 %

NASDAQ KHC opened at $33.51 on Wednesday. The company has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $34.75. The stock has a market cap of $40.52 billion, a P/E ratio of 30.19, a P/E/G ratio of 3.82 and a beta of 0.49. The Kraft Heinz Company has a 12-month low of $31.58 and a 12-month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued its 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. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.77%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KHC shares. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Evercore ISI decreased their target price on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $38.00 in a research report on Friday, October 25th. Finally, Bank of America decreased their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.25.

Kraft Heinz Company 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.