925 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Bangor Savings Bank

Bangor Savings Bank acquired a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 925 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ignite Planners LLC grew its position in Kraft Heinz by 9.9% during the 3rd quarter. Ignite Planners LLC now owns 17,564 shares of the company’s stock worth $617,000 after acquiring an additional 1,581 shares during the last quarter. Mather Group LLC. grew its position in Kraft Heinz by 84.6% during the 3rd quarter. Mather Group LLC. now owns 7,064 shares of the company’s stock worth $248,000 after acquiring an additional 3,238 shares during the last quarter. City Center Advisors LLC lifted its holdings in Kraft Heinz by 34.6% during the 3rd quarter. City Center Advisors LLC now owns 12,930 shares of the company’s stock worth $454,000 after buying an additional 3,321 shares during the period. Foresight Capital Management Advisors Inc. acquired a new position in shares of Kraft Heinz in the 3rd quarter valued at about $2,892,000. Finally, RK Asset Management LLC lifted its stake in shares of Kraft Heinz by 1.4% in the 3rd quarter. RK Asset Management LLC now owns 214,047 shares of the company’s stock valued at $7,516,000 after purchasing an additional 2,945 shares during the period. Institutional investors own 78.17% of the company’s stock.

Insider Activity at Kraft Heinz

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

Kraft Heinz Stock Performance

KHC stock opened at $34.66 on Wednesday. The firm has a market cap of $42.09 billion, a PE ratio of 15.14, a P/E/G ratio of 3.39 and a beta of 0.49. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $35.15 and a 200-day moving average of $35.03. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.40 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.60 annualized dividend and a yield of 4.62%. Kraft Heinz’s payout ratio is 69.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KHC shares. Deutsche Bank Aktiengesellschaft dropped their price target on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Citigroup dropped their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays boosted their price objective on Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Bank of America decreased their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI decreased their price objective on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $37.45.

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.