First Eagle Investment Management LLC Has $157.55 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

First Eagle Investment Management LLC trimmed its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 19.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,130,138 shares of the company's stock after selling 1,236,400 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.42% of Kraft Heinz worth $157,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Sawyer & Company Inc bought a new position in Kraft Heinz during the 4th quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in Kraft Heinz during the 3rd quarter worth $27,000. Larson Financial Group LLC grew its stake 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 buying an additional 636 shares during the last quarter. R Squared Ltd bought a new position in Kraft Heinz during the 4th quarter worth $34,000. Finally, OFI Invest Asset Management bought a new position in Kraft Heinz during the 4th quarter worth $36,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KHC shares. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Piper Sandler reduced their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company reduced their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and a consensus price target of $30.86.

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Kraft Heinz Trading Down 0.9 %

Shares of Kraft Heinz stock traded down $0.27 on Tuesday, reaching $30.39. 7,070,239 shares of the company were exchanged, compared to its average volume of 8,382,514. The stock has a fifty day moving average price of $29.88 and a 200-day moving average price of $32.06. The firm has a market capitalization of $36.32 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz 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.