The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Compagnie Lombard Odier SCmA

by · The Cerbat Gem

Compagnie Lombard Odier SCmA trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,800 shares of the company’s stock after selling 21,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Kraft Heinz were worth $14,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Kraft Heinz during the 1st quarter valued at approximately $27,000. Bangor Savings Bank acquired a new position in shares of Kraft Heinz in the 3rd quarter valued at $32,000. Asset Dedication LLC lifted its stake in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after purchasing an additional 476 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Kraft Heinz by 221.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,016 shares of the company’s stock valued at $36,000 after purchasing an additional 700 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $38,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

NASDAQ KHC traded up $0.39 on Friday, hitting $35.22. The company had a trading volume of 5,008,436 shares, compared to its average volume of 7,818,217. The company has a market capitalization of $42.77 billion, a PE ratio of 15.38, a PEG ratio of 3.39 and a beta of 0.49. The company’s fifty day moving average price is $35.13 and its 200-day moving average price is $35.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s payout ratio is 69.87%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KHC shares. The Goldman Sachs Group started coverage on shares of Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 target price for the company. Piper Sandler decreased their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. 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 note on Wednesday, July 10th. Finally, Barclays boosted their target price on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.55.

View Our Latest Report on Kraft Heinz

Insider Transactions at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Kraft Heinz Company Profile

(Free Report)

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.

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