Aviso Wealth Management Sells 14,021 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Aviso Wealth Management trimmed its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,376 shares of the company's stock after selling 14,021 shares during the quarter. Aviso Wealth Management's holdings in Kraft Heinz were worth $1,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Graney & King LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at $59,000. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after purchasing an additional 370 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Kraft Heinz by 413.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,700 shares of the company's stock worth $52,000 after purchasing an additional 1,369 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $278,000. Finally, United Services Automobile Association boosted its position in shares of Kraft Heinz by 9.2% during the fourth quarter. United Services Automobile Association now owns 20,048 shares of the company's stock valued at $616,000 after buying an additional 1,681 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays cut their price objective 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. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. UBS Group decreased their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Finally, Citigroup downgraded shares of Kraft Heinz from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.73.

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Kraft Heinz Trading Up 0.6 %

Shares of NASDAQ KHC traded up $0.17 during midday trading on Friday, hitting $30.24. 8,252,439 shares of the company traded hands, compared to its average volume of 8,783,454. 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 Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The stock has a 50-day moving average price of $29.99 and a 200 day moving average price of $31.71. The firm has a market cap of $36.14 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. Kraft Heinz's payout ratio is currently 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.