Atria Investments Inc trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,616 shares of the company's stock after selling 8,343 shares during the quarter. Atria Investments Inc's holdings in Kraft Heinz were worth $1,032,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Kraft Heinz in the third quarter worth $411,304,000. State Street Corp lifted its holdings in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock worth $1,558,898,000 after buying an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock worth $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after buying an additional 1,238,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Kraft Heinz by 1,139.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company's stock worth $39,112,000 after buying an additional 1,170,814 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.
Kraft Heinz Trading Down 2.6 %
NASDAQ KHC opened at $30.30 on Thursday. The company's 50-day moving average price is $29.88 and its 200-day moving average price is $32.20. 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 stock has a market cap of $36.21 billion, a PE ratio of 13.41, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. TD Cowen lowered their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. UBS Group decreased their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Piper Sandler decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup downgraded shares of Kraft Heinz from a "buy" rating to a "neutral" rating and reduced their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.86.
Get Our Latest Stock Analysis on KHC
About Kraft Heinz
(
Free Report)
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.
Further Reading
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