The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Decreased by Mariner LLC

Mariner LLC decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,254 shares of the company's stock after selling 48,377 shares during the quarter. Mariner LLC's holdings in Kraft Heinz were worth $3,232,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

KHC has been the subject of a number of research analyst reports. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of 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. Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Evercore ISI reiterated an "in-line" rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and a consensus price target of $30.69.

Kraft Heinz Price Performance

Shares of NASDAQ KHC traded down $0.09 during trading on Friday, hitting $29.56. 5,456,253 shares of the company were exchanged, compared to its average volume of 9,060,749. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. 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 cap of $35.27 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 3.39 and a beta of 0.44. The firm's fifty day moving average price is $30.06 and its 200 day moving average price is $30.96.

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

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.41%. Kraft Heinz's dividend payout ratio is presently 70.80%.

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.