Amundi Sells 2,045,704 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Amundi decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,527,829 shares of the company's stock after selling 2,045,704 shares during the quarter. Amundi owned approximately 0.71% of Kraft Heinz worth $252,935,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company's stock valued at $186,350,000 after acquiring an additional 545,504 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Kraft Heinz by 52.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company's stock valued at $5,988,000 after acquiring an additional 58,665 shares during the last quarter. Brookstone Capital Management increased its holdings in Kraft Heinz by 229.8% in the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after acquiring an additional 238,913 shares during the last quarter. Toronto Dominion Bank increased its holdings in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock valued at $17,132,000 after acquiring an additional 54,656 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in Kraft Heinz by 1,760.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company's stock valued at $23,008,000 after acquiring an additional 620,096 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Piper Sandler reduced their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, UBS Group reduced their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.86.

Kraft Heinz Trading Up 2.9 %

Shares of KHC stock traded up $0.90 during trading hours on Friday, reaching $32.18. 15,741,101 shares of the stock were exchanged, compared to its average volume of 10,335,693. The firm has a market capitalization of $38.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company's 50-day moving average price is $29.85 and its 200-day moving average price is $32.27.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.97%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Kraft Heinz Company 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.