BNP Paribas Has $215,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

BNP Paribas lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 60.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,135 shares of the company’s stock after selling 9,365 shares during the period. BNP Paribas’ holdings in Kraft Heinz were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KHC. Janus Henderson Group PLC lifted its position in shares of Kraft Heinz by 24.5% during the 1st quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock valued at $4,391,000 after acquiring an additional 23,432 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Kraft Heinz by 14.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock valued at $679,000 after acquiring an additional 2,548 shares during the period. Tidal Investments LLC increased its stake in Kraft Heinz by 14.2% during the 1st quarter. Tidal Investments LLC now owns 74,901 shares of the company’s stock valued at $2,763,000 after purchasing an additional 9,327 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Kraft Heinz during the 1st quarter valued at $27,000. Finally, Swedbank AB bought a new stake in Kraft Heinz during the 1st quarter valued at $25,298,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on KHC shares. JPMorgan Chase & Co. decreased their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $38.00 in a research note on Friday, October 25th. Evercore ISI decreased their price target on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price target on shares of Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.55.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by company insiders.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $31.93 on Thursday. The firm has a market cap of $38.61 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.66 and a beta of 0.49. The company has a fifty day moving average price of $33.89 and a 200-day moving average price of $34.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The Kraft Heinz Company has a 1 year low of $30.40 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, equities research analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 5.01%. Kraft Heinz’s payout ratio is currently 144.14%.

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.