Chevy Chase Trust Holdings LLC Sells 10,692 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Chevy Chase Trust Holdings LLC lessened its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,199 shares of the company's stock after selling 10,692 shares during the period. Chevy Chase Trust Holdings LLC's holdings in Kraft Heinz were worth $14,225,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Winch Advisory Services LLC raised its position in Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock worth $70,000 after purchasing an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in Kraft Heinz by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock worth $336,000 after acquiring an additional 381 shares during the period. Smith Thornton Advisors LLC grew its holdings in Kraft Heinz by 2.1% during the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company's stock worth $727,000 after acquiring an additional 435 shares during the period. Cohen Investment Advisors LLC grew its holdings in Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after acquiring an additional 487 shares during the period. Finally, Keynote Financial Services LLC grew its holdings in Kraft Heinz by 2.0% during the 3rd quarter. Keynote Financial Services LLC now owns 25,965 shares of the company's stock worth $912,000 after acquiring an additional 512 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 1.2 %

NASDAQ KHC traded up $0.37 on Thursday, reaching $30.16. The company had a trading volume of 8,637,603 shares, compared to its average volume of 9,914,326. The firm has a market capitalization of $36.03 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47. 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 Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company's fifty day moving average is $29.77 and its 200-day moving average is $32.60.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping 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, research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.31%. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KHC shares. Wells Fargo & Company lowered 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 report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Barclays lowered their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. 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, the company presently has an average rating of "Hold" and an average price target 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.