GLOBALT Investments LLC GA, an institutional investor, has purchased 209,380 shares in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to a recent 13F filing. The shares are valued at approximately $7,743,000. This investment reflects confidence in the company's performance and future prospects.
Other institutional investors have also made changes to their stakes in the company. The Kraft Heinz Company has received comments from several equities analysts, who have given it a consensus rating of 'Moderate Buy' and a consensus price target of $40.08.
In other news, insider Lande Rashida La sold 10,140 shares of the stock. The Kraft Heinz Company has a twelve-month low of $30.68 and a twelve-month high of $38.96. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68. Additionally, the company announced a quarterly dividend of $0.40 per share, with a dividend yield of 4.94%.
The Kraft Heinz Company manufactures and markets food and beverage products under various brands. They recently held their Q3 2023 earnings call, where they reported accelerated profitable growth and improving share and volume trends. The company highlighted their efforts to strengthen their balance sheet and invest in marketing, technology, and R&D. They emphasized their focus on disciplined investments and profitable growth, rather than maximizing gross margin. Kraft Heinz remains committed to delivering sustainable and profitable growth.
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