Kraft Heinz Company $KHC Shares Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 192.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,260 shares of the company’s stock after purchasing an additional 53,467 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Kraft Heinz were worth $2,116,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Shell Asset Management Co. boosted its holdings in shares of Kraft Heinz by 89.7% in the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after buying an additional 42,758 shares during the period. Fairfax Financial Holdings Ltd. Can boosted its position in Kraft Heinz by 45.4% during the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 4,884,000 shares of the company’s stock valued at $126,056,000 after purchasing an additional 1,525,000 shares during the period. Lakeshore Capital Group Inc. grew its stake in Kraft Heinz by 39.8% during the 2nd quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock worth $957,000 after buying an additional 10,551 shares during the last quarter. Swedbank AB increased its position in Kraft Heinz by 13.6% in the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock worth $26,738,000 after buying an additional 104,872 shares during the period. Finally, Bard Financial Services Inc. lifted its stake in Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after buying an additional 20,500 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.6%

KHC stock opened at $24.39 on Friday. The firm’s 50-day moving average is $24.64 and its two-hundred day moving average is $25.98. The company has a market capitalization of $28.87 billion, a price-to-earnings ratio of -6.54 and a beta of 0.09. Kraft Heinz Company has a 52 week low of $23.60 and a 52 week high of $33.35. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The business had revenue of $6.39 billion for the quarter. On average, analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, November 28th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.6%. Kraft Heinz’s dividend payout ratio (DPR) is -42.90%.

Insider Activity at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on KHC. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Zacks Research upgraded shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research report on Thursday. BNP Paribas Exane dropped their price target on shares of Kraft Heinz from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th. Barclays cut their price target on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, TD Cowen decreased their price objective on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $26.63.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.