Beech Hill Advisors Inc. Has $863,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Beech Hill Advisors Inc. trimmed its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,098 shares of the company's stock after selling 46,300 shares during the quarter. Beech Hill Advisors Inc.'s holdings in Kraft Heinz were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KHC. MADDEN SECURITIES Corp increased its position in Kraft Heinz by 2.4% in the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company's stock worth $448,000 after buying an additional 303 shares during the period. Axiom Advisory LLC grew its stake in shares of Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company's stock worth $227,000 after acquiring an additional 327 shares during the last quarter. Trust Co. of Vermont increased its position in Kraft Heinz by 3.6% during the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company's stock worth $365,000 after acquiring an additional 358 shares during the period. Winch Advisory Services LLC raised its stake in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after purchasing an additional 380 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its holdings in Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock valued at $336,000 after purchasing an additional 381 shares during the period. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a report on Thursday, October 31st. TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Barclays lowered their price objective on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company reduced their target price on Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and an average price target of $35.23.

Insider Buying and Selling

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now owns 168,195 shares of the company's stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.37% of the stock is owned by corporate insiders.

Kraft Heinz Price Performance

KHC stock traded up $0.24 during trading on Thursday, hitting $28.97. 7,489,452 shares of the stock traded hands, compared to its average volume of 9,738,981. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 3.29 and a beta of 0.48. The Kraft Heinz Company has a one year low of $28.37 and a one year high of $38.96. The company has a 50 day simple moving average of $30.95 and a 200 day simple moving average of $33.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the business earned $0.72 EPS. Kraft Heinz's revenue was down 2.8% compared to the same quarter last year. Equities analysts expect that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.52%. Kraft Heinz's dividend payout ratio is 144.14%.

About Kraft Heinz

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.