Bleakley Financial Group LLC Reduces Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bleakley Financial Group LLC trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,550 shares of the company's stock after selling 9,320 shares during the quarter. Bleakley Financial Group LLC's holdings in Kraft Heinz were worth $293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Econ Financial Services Corp boosted its stake in shares of Kraft Heinz by 111.2% in the 4th quarter. Econ Financial Services Corp now owns 122,813 shares of the company's stock valued at $3,772,000 after purchasing an additional 64,670 shares during the last quarter. Choreo LLC grew its holdings in Kraft Heinz by 31.0% in the fourth quarter. Choreo LLC now owns 63,353 shares of the company's stock worth $1,933,000 after purchasing an additional 15,000 shares during the period. Y.D. More Investments Ltd grew its holdings in Kraft Heinz by 42.9% in the fourth quarter. Y.D. More Investments Ltd now owns 3,992 shares of the company's stock worth $123,000 after purchasing an additional 1,198 shares during the period. Old North State Wealth Management LLC grew its holdings in shares of Kraft Heinz by 7.8% during the fourth quarter. Old North State Wealth Management LLC now owns 82,510 shares of the company's stock valued at $2,535,000 after buying an additional 5,972 shares during the last quarter. Finally, E. Ohman J or Asset Management AB grew its holdings in shares of Kraft Heinz by 14.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 43,200 shares of the company's stock valued at $1,327,000 after buying an additional 5,300 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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Kraft Heinz Stock Down 1.1 %

Shares of Kraft Heinz stock traded down $0.33 during trading on Friday, hitting $28.92. The company's stock had a trading volume of 9,271,761 shares, compared to its average volume of 9,310,077. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The company has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $32.74. The company has a market capitalization of $34.97 billion, a PE ratio of 26.05, a P/E/G ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

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 (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. Equities research analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.53%. The ex-dividend date is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 144.14%.

Analysts Set New Price Targets

KHC has been the topic of several analyst reports. Evercore ISI restated an "in-line" rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Barclays lowered 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 research report on Friday. Stifel Nicolaus lowered their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday. Finally, Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and a consensus target price of $30.86.

Kraft Heinz Company 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.