The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lowered by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 229,271 shares of the company's stock after selling 69,455 shares during the period. Gamco Investors INC. ET AL's holdings in Kraft Heinz were worth $7,041,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KHC. Sawyer & Company Inc purchased a new position in Kraft Heinz during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz in the 4th quarter worth $26,000. Mountain Hill Investment Partners Corp. acquired a new position in Kraft Heinz in the fourth quarter valued at $29,000. R Squared Ltd purchased a new stake in Kraft Heinz during the fourth quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Kraft Heinz in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on KHC shares. The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Evercore ISI reiterated an "in-line" rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company reduced their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $30.67.

Kraft Heinz Stock Up 0.9 %

Shares of KHC stock traded up $0.26 during trading hours on Monday, hitting $29.72. 4,044,402 shares of the company were exchanged, compared to its average volume of 9,040,705. 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 stock has a market capitalization of $35.47 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The business's 50-day simple moving average is $29.98 and its two-hundred day simple moving average is $31.04.

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, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

About Kraft Heinz

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.