GLOBALT Investments LLC GA Trims Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

GLOBALT Investments LLC GA decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,231 shares of the company's stock after selling 10,372 shares during the quarter. GLOBALT Investments LLC GA's holdings in Kraft Heinz were worth $5,627,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sawyer & Company Inc purchased a new stake in Kraft Heinz in the 4th quarter worth $25,000. Larson Financial Group LLC lifted its stake in Kraft Heinz by 191.0% in 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 in the last quarter. R Squared Ltd purchased a new stake in Kraft Heinz in the 4th quarter worth $34,000. OFI Invest Asset Management purchased a new stake in Kraft Heinz in the 4th quarter worth $36,000. Finally, Hara Capital LLC raised its position in shares of Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company's stock valued at $52,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.6 %

KHC stock traded down $0.18 during mid-day trading on Thursday, reaching $29.71. The company had a trading volume of 13,809,031 shares, compared to its average volume of 8,426,525. 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 has a market capitalization of $35.50 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The firm has a 50 day moving average of $29.89 and a 200 day moving average of $32.01. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.

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

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. Kraft Heinz's dividend payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KHC shares. Piper Sandler decreased their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. TD Cowen decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI restated an "in-line" rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Two investment 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 currently has an average rating of "Hold" and a consensus target price 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.