Corient Private Wealth LLC trimmed its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,317 shares of the company's stock after selling 15,432 shares during the period. Corient Private Wealth LLC's holdings in Kraft Heinz were worth $5,906,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the fourth quarter valued at about $25,000. Larson Financial Group LLC grew its position in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after purchasing an additional 636 shares during the last quarter. R Squared Ltd acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $34,000. OFI Invest Asset Management purchased a new position in shares of Kraft Heinz in the fourth quarter worth $36,000. Finally, Hara Capital LLC lifted its stake in shares of Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company's stock worth $52,000 after buying an additional 650 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.
Kraft Heinz Price Performance
Kraft Heinz stock traded up $0.03 during midday trading on Tuesday, reaching $29.15. The company had a trading volume of 1,596,670 shares, compared to its average volume of 8,504,662. 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 Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a market capitalization of $34.83 billion, a P/E ratio of 12.89, a P/E/G ratio of 3.39 and a beta of 0.40. The firm's fifty day simple moving average is $29.92 and its 200-day simple moving average is $31.85.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.
Kraft Heinz Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.49%. Kraft Heinz's dividend payout ratio is presently 70.80%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KHC. JPMorgan Chase & Co. cut their target price 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. Citigroup downgraded 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. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. TD Cowen dropped their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their target price 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. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.73.
Get Our Latest Research Report on Kraft Heinz
Kraft Heinz 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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