Bleakley Financial Group LLC Has $663,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bleakley Financial Group LLC boosted its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,870 shares of the company’s stock after buying an additional 758 shares during the period. Bleakley Financial Group LLC’s holdings in Kraft Heinz were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KHC. Capital World Investors increased its holdings in shares of Kraft Heinz by 83.4% in the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after purchasing an additional 3,961,872 shares during the period. Dimensional Fund Advisors LP lifted its position in Kraft Heinz by 47.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock worth $178,379,000 after buying an additional 1,778,263 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Kraft Heinz by 346.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,520,006 shares of the company’s stock worth $57,799,000 after buying an additional 1,179,863 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after buying an additional 1,027,636 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Kraft Heinz by 260.8% during the 2nd quarter. Marshall Wace LLP now owns 1,169,657 shares of the company’s stock valued at $37,686,000 after acquiring an additional 845,490 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Evercore ISI dropped their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price 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. Finally, Citigroup dropped their price target on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average price target of $37.55.

Insider Buying and Selling

In other news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the sale, the insider now owns 143,970 shares of the company’s stock, valued at approximately $5,182,920. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

Kraft Heinz Price Performance

NASDAQ KHC opened at $35.49 on Tuesday. The stock has a market capitalization of $43.10 billion, a PE ratio of 15.50, a P/E/G ratio of 3.39 and a beta of 0.49. The stock has a 50-day simple moving average of $35.23 and a 200 day simple moving average of $34.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The Kraft Heinz Company has a twelve month low of $31.08 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the company posted $0.79 earnings per share. Kraft Heinz’s quarterly revenue was down 3.3% on a year-over-year basis. Research analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend was Friday, August 30th. Kraft Heinz’s payout ratio is presently 69.87%.

About Kraft Heinz

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.