The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,263,021 shares of the company's stock after selling 23,780 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.10% of Kraft Heinz worth $38,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in Kraft Heinz during the fourth quarter worth $11,402,000. Landscape Capital Management L.L.C. grew its stake in Kraft Heinz by 458.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 64,106 shares of the company's stock valued at $1,969,000 after acquiring an additional 52,632 shares during the last quarter. Arete Wealth Advisors LLC increased its holdings in Kraft Heinz by 22.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 7,375 shares of the company's stock valued at $226,000 after acquiring an additional 1,360 shares in the last quarter. World Investment Advisors raised its position in Kraft Heinz by 61.5% during the fourth quarter. World Investment Advisors now owns 14,311 shares of the company's stock worth $440,000 after acquiring an additional 5,450 shares during the last quarter. Finally, Bryce Point Capital LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at about $818,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Kraft Heinz Stock Down 1.6 %

KHC traded down $0.47 during trading hours on Thursday, reaching $28.63. 5,953,435 shares of the stock traded hands, compared to its average volume of 8,985,822. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 3.39 and a beta of 0.44. 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 firm's fifty day simple moving average is $29.95 and its two-hundred day simple moving average is $31.33.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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%. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio is currently 70.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KHC. UBS Group lowered their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, Evercore ISI reissued an "in-line" rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $30.67.

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.