Guggenheim Capital LLC Has $17.56 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Guggenheim Capital LLC lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 571,713 shares of the company's stock after selling 103,588 shares during the period. Guggenheim Capital LLC's holdings in Kraft Heinz were worth $17,557,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the fourth quarter valued at about $29,000. R Squared Ltd purchased a new stake in Kraft Heinz during the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of Kraft Heinz during the 4th quarter valued at approximately $36,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Price Performance

KHC stock traded up $0.16 during trading hours on Monday, hitting $29.62. 1,203,183 shares of the stock traded hands, compared to its average volume of 9,029,668. The stock has a 50-day simple moving average of $29.98 and a 200 day simple moving average of $31.04. The company has a market cap of $35.35 billion, a P/E ratio of 13.11, 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 company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.40%. Kraft Heinz's payout ratio is presently 70.80%.

Analysts Set New Price Targets

KHC has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Stifel Nicolaus decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Evercore ISI restated an "in-line" rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group dropped their price objective 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. Four analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of "Hold" and an average target price of $30.67.

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.