Orion Portfolio Solutions LLC trimmed its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,243 shares of the company's stock after selling 9,151 shares during the period. Orion Portfolio Solutions LLC's holdings in Kraft Heinz were worth $3,109,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. CreativeOne Wealth LLC purchased a new position in shares of Kraft Heinz in the 3rd quarter valued at approximately $231,000. Public Sector Pension Investment Board lifted its stake in shares of Kraft Heinz by 138.8% during the third quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company's stock worth $1,220,000 after buying an additional 20,200 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Kraft Heinz by 62.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 641,668 shares of the company's stock worth $22,529,000 after acquiring an additional 247,328 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Kraft Heinz by 3,129.1% in the third quarter. Benjamin Edwards Inc. now owns 12,109 shares of the company's stock valued at $425,000 after purchasing an additional 11,734 shares during the period. Finally, Cladis Investment Advisory LLC raised its position in Kraft Heinz by 3.4% during the 3rd quarter. Cladis Investment Advisory LLC now owns 37,410 shares of the company's stock worth $1,313,000 after buying an additional 1,231 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.
Kraft Heinz Trading Up 2.3 %
NASDAQ KHC traded up $0.68 on Thursday, reaching $30.81. The stock had a trading volume of 11,917,584 shares, compared to its average volume of 8,797,883. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The stock has a fifty day moving average price of $30.05 and a two-hundred day moving average price of $31.60. The firm has a market capitalization of $36.77 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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, sell-side analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's payout ratio is currently 70.80%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. 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 research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $30.73.
Read Our Latest Report on Kraft Heinz
About Kraft Heinz
(
Free Report)
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.
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