The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by DnB Asset Management AS

DnB Asset Management AS cut its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 211,099 shares of the company's stock after selling 95,307 shares during the quarter. DnB Asset Management AS's holdings in Kraft Heinz were worth $6,483,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC lifted its holdings in shares of Kraft Heinz by 7,796.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 34,192 shares of the company's stock valued at $1,050,000 after acquiring an additional 33,759 shares during the last quarter. Norges Bank purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $324,857,000. Caisse Des Depots ET Consignations bought a new position in Kraft Heinz during the 4th quarter valued at about $2,709,000. Homestead Advisers Corp lifted its stake in Kraft Heinz by 4.0% in the fourth quarter. Homestead Advisers Corp now owns 899,800 shares of the company's stock worth $27,633,000 after purchasing an additional 34,200 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new position in Kraft Heinz during the 4th quarter valued at $231,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

KHC traded up $0.79 during trading on Thursday, reaching $30.92. 7,480,587 shares of the company's stock were exchanged, compared to its average volume of 10,620,351. 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 company's fifty day simple moving average is $30.05 and its 200-day simple moving average is $31.60. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The stock has a market capitalization of $36.89 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KHC. Jefferies Financial Group reduced their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Evercore ISI reiterated an "in-line" rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Morgan Stanley started coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective for the company. Finally, 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. Three equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.73.

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.