HighTower Advisors LLC Sells 72,560 Shares of The Kraft Heinz Company (NASDAQ:KHC)

HighTower Advisors LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 21.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 258,712 shares of the company's stock after selling 72,560 shares during the quarter. HighTower Advisors LLC's holdings in Kraft Heinz were worth $7,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KHC. OneDigital Investment Advisors LLC lifted its position in Kraft Heinz by 28.5% during the third quarter. OneDigital Investment Advisors LLC now owns 21,479 shares of the company's stock valued at $754,000 after buying an additional 4,769 shares during the period. Kentucky Retirement Systems increased its holdings in shares of Kraft Heinz by 3.4% during the third quarter. Kentucky Retirement Systems now owns 61,489 shares of the company's stock valued at $2,159,000 after acquiring an additional 2,011 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Kraft Heinz by 2.6% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 26,132 shares of the company's stock valued at $917,000 after acquiring an additional 674 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Kraft Heinz by 5.6% during the third quarter. Natixis Advisors LLC now owns 913,893 shares of the company's stock valued at $32,087,000 after acquiring an additional 48,436 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Kraft Heinz by 9.2% during the third quarter. Mutual of America Capital Management LLC now owns 108,792 shares of the company's stock valued at $3,820,000 after acquiring an additional 9,157 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

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Kraft Heinz Price Performance

NASDAQ KHC traded down $0.19 during trading hours on Friday, reaching $29.52. The company's stock had a trading volume of 25,258,487 shares, compared to its average volume of 8,486,680. The firm's 50-day moving average price is $29.90 and its 200-day moving average price is $32.00. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a market capitalization of $35.28 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly 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 return on equity of 7.58% and a net margin of 10.62%. On average, equities research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

Analyst Ratings Changes

KHC has been the subject of several analyst reports. 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 report on Thursday, February 13th. Jefferies Financial Group reduced their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. TD Cowen reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.86.

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.