The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 62.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,657 shares of the company's stock after selling 36,897 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Kraft Heinz were worth $695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. New York Life Investment Management LLC boosted its position in Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after buying an additional 366 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Kraft Heinz by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after acquiring an additional 370 shares in the last quarter. Winch Advisory Services LLC lifted its position in Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after acquiring an additional 380 shares during the last quarter. Finally, Cohen Investment Advisors LLC boosted its stake in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after acquiring an additional 487 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

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Kraft Heinz Stock Up 0.9 %

KHC traded up $0.25 during trading hours on Monday, hitting $29.58. 1,634,993 shares of the company's stock were exchanged, compared to its average volume of 9,018,641. The firm has a market cap of $35.30 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month 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. The firm has a 50 day moving average of $29.95 and a 200 day moving average of $31.23.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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%. Analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KHC shares. Stifel Nicolaus reduced their target price 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. Jefferies Financial Group cut their price target 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. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Barclays reduced their target price on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group dropped their price target on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.