The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,021 shares of the company's stock after selling 30,402 shares during the quarter. Achmea Investment Management B.V.'s holdings in Kraft Heinz were worth $2,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sawyer & Company Inc purchased a new position in Kraft Heinz during the 4th quarter worth $25,000. Ashton Thomas Securities LLC purchased a new position in Kraft Heinz during the 3rd quarter worth $27,000. Larson Financial Group LLC raised its position in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after buying an additional 636 shares during the last quarter. R Squared Ltd purchased a new position in Kraft Heinz during the 4th quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new position in Kraft Heinz during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 1.6 %

Shares of Kraft Heinz stock traded down $0.50 during mid-day trading on Wednesday, hitting $29.89. 14,541,703 shares of the stock were exchanged, compared to its average volume of 8,403,396. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The stock has a market capitalization of $35.72 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a 50-day simple moving average of $29.89 and a 200 day simple moving average of $32.03. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.35%. Kraft Heinz's dividend payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KHC. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and cut their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Citigroup downgraded shares of Kraft Heinz from a "buy" rating to a "neutral" rating and cut their price target for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Finally, Stifel Nicolaus cut their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.86.

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.