Cerity Partners LLC decreased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 467,348 shares of the company's stock after selling 19,305 shares during the period. Cerity Partners LLC's holdings in Kraft Heinz were worth $14,609,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. IHT Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the 3rd quarter valued at approximately $238,000. Wellington Management Group LLP raised its holdings in shares of Kraft Heinz by 276.9% during the third quarter. Wellington Management Group LLP now owns 126,653 shares of the company's stock worth $4,447,000 after purchasing an additional 93,046 shares during the period. MML Investors Services LLC lifted its position in shares of Kraft Heinz by 2.7% in the 3rd quarter. MML Investors Services LLC now owns 141,692 shares of the company's stock worth $4,975,000 after buying an additional 3,762 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Kraft Heinz by 6.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 353,429 shares of the company's stock valued at $12,409,000 after buying an additional 22,644 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock worth $669,821,000 after acquiring an additional 1,944,019 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.
Kraft Heinz Stock Down 0.9 %
Shares of KHC stock traded down $0.28 on Tuesday, reaching $29.52. 2,408,118 shares of the company's stock traded hands, compared to its average volume of 10,966,648. The company has a market capitalization of $35.23 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. 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 business's 50 day moving average price is $29.97 and its two-hundred day moving average price is $31.19.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, equities analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Dividend Announcement
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. This represents a $1.60 annualized dividend and a yield of 5.42%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on KHC shares. Wells Fargo & Company cut their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Bank of America downgraded shares of Kraft Heinz from a "buy" rating to an "underperform" rating and cut their price objective for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Citigroup reiterated a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.67.
Get Our Latest Report on KHC
About Kraft Heinz
(
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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