M&T Bank Corp Decreases Position in The Kraft Heinz Company (NASDAQ:KHC)

M&T Bank Corp decreased its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,068 shares of the company's stock after selling 12,551 shares during the quarter. M&T Bank Corp's holdings in Kraft Heinz were worth $5,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new position in shares of Kraft Heinz in the third quarter worth $27,000. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in Kraft Heinz in the 3rd quarter valued at $33,000. Larson Financial Group LLC grew its stake in shares of 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 buying an additional 636 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in Kraft Heinz during the third quarter worth $37,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded up $0.90 on Friday, hitting $32.18. The stock had a trading volume of 15,741,101 shares, compared to its average volume of 10,335,693. 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 stock has a market cap of $38.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The business's 50 day moving average is $29.85 and its two-hundred day moving average is $32.29. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results 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%. Analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.

Analysts Set New Price Targets

KHC has been the topic of a number of analyst reports. Citigroup downgraded Kraft Heinz from a "buy" rating to a "neutral" rating and cut their price target for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Wells Fargo & Company dropped their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Finally, 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 research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.86.

About Kraft Heinz

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.