Blair William & Co. IL reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,933 shares of the company's stock after selling 88,289 shares during the quarter. Blair William & Co. IL's holdings in Kraft Heinz were worth $4,543,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Kraft Heinz during the third quarter worth about $411,304,000. State Street Corp increased its holdings in shares of Kraft Heinz by 16.7% during 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 raised its stake 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 valued at $669,821,000 after acquiring an additional 1,944,019 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Kraft Heinz by 96.4% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after acquiring an additional 1,403,220 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Trading Up 2.2 %
Shares of Kraft Heinz stock traded up $0.67 during trading hours on Thursday, hitting $30.80. The company's stock had a trading volume of 7,117,562 shares, compared to its average volume of 10,614,173. The company has a market capitalization of $36.76 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a 50 day moving average of $30.05 and a 200 day moving average of $31.60. 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 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 predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The company also recently declared 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. This represents a $1.60 annualized dividend and a yield of 5.19%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is currently 70.80%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Citigroup cut Kraft Heinz from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $30.73.
View Our Latest Analysis on KHC
Kraft Heinz Company Profile
(
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.
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