D.A. Davidson & CO. Has $3.46 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

D.A. Davidson & CO. increased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,510 shares of the company’s stock after acquiring an additional 3,054 shares during the quarter. D.A. Davidson & CO.’s holdings in Kraft Heinz were worth $3,459,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. West Tower Group LLC acquired a new position in shares of Kraft Heinz during the third quarter valued at $263,000. The Manufacturers Life Insurance Company lifted its stake in Kraft Heinz by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 544,638 shares of the company’s stock valued at $19,122,000 after buying an additional 46,740 shares during the period. Qsemble Capital Management LP lifted its stake in Kraft Heinz by 1,460.8% in the third quarter. Qsemble Capital Management LP now owns 98,394 shares of the company’s stock valued at $3,455,000 after buying an additional 92,090 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in Kraft Heinz by 78.0% in the third quarter. Horizon Kinetics Asset Management LLC now owns 14,577 shares of the company’s stock valued at $512,000 after buying an additional 6,389 shares during the period. Finally, Truvestments Capital LLC lifted its stake in Kraft Heinz by 19.1% in the third quarter. Truvestments Capital LLC now owns 84,446 shares of the company’s stock valued at $2,965,000 after buying an additional 13,528 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.1 %

NASDAQ:KHC opened at $31.93 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The company has a market cap of $38.61 billion, a PE ratio of 28.77, a PEG ratio of 3.66 and a beta of 0.49. The Kraft Heinz Company has a 52-week low of $30.40 and a 52-week high of $38.96. The stock has a 50-day simple moving average of $33.83 and a 200 day simple moving average of $34.16.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.01%. Kraft Heinz’s payout ratio is presently 144.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on KHC shares. Wells Fargo & Company increased their target price on Kraft Heinz from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Citigroup cut their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus lowered Kraft Heinz from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, October 25th. The Goldman Sachs Group dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Finally, Mizuho dropped their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.55.

Insider Buying and Selling

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade 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 corporate insiders.

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.