The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 550,504 shares of the company's stock after selling 16,571 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Kraft Heinz were worth $16,889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its holdings in Kraft Heinz by 3.6% in the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company's stock valued at $365,000 after buying an additional 358 shares in the last quarter. Winch Advisory Services LLC increased its holdings in Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after buying an additional 380 shares in the last quarter. Pinnacle Financial Partners Inc increased its holdings in Kraft Heinz by 4.2% in the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock valued at $336,000 after buying an additional 381 shares in the last quarter. Smith Thornton Advisors LLC increased its holdings in Kraft Heinz by 2.1% in the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company's stock valued at $727,000 after buying an additional 435 shares in the last quarter. Finally, Cohen Investment Advisors LLC increased its holdings in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after buying an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

KHC has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their target price for the company from $36.00 to $30.00 in a report on Thursday, February 13th. StockNews.com cut Kraft Heinz from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Finally, Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.86.

Kraft Heinz Stock Up 1.6 %

Shares of NASDAQ KHC traded up $0.47 during midday trading on Wednesday, reaching $29.79. 9,486,120 shares of the company's stock were exchanged, compared to its average volume of 9,951,152. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The stock has a market capitalization of $35.60 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 3.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The business's fifty day moving average price is $29.80 and its two-hundred day moving average price is $32.62.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. 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. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.37%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

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.