BI Asset Management Fondsmaeglerselskab A S Sells 23,680 Shares of The Kraft Heinz Company (NASDAQ:KHC)

BI Asset Management Fondsmaeglerselskab A S lessened its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,868 shares of the company's stock after selling 23,680 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Kraft Heinz were worth $1,255,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Sawyer & Company Inc acquired a new position in Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz in the fourth quarter valued at $29,000. R Squared Ltd acquired a new stake in Kraft Heinz in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new stake in Kraft Heinz during the 4th quarter worth about $36,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $30.20 on Wednesday. The company has a market capitalization of $36.04 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 3.39 and a beta of 0.44. 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 stock's 50 day moving average is $30.02 and its 200-day moving average is $31.00.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data 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%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.30%. Kraft Heinz's payout ratio is presently 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $34.00 to $31.00 in a report on Tuesday. Wells Fargo & Company lowered 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. Finally, Jefferies Financial Group cut their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.69.

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.

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