Quantbot Technologies LP Trims Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Quantbot Technologies LP decreased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,089 shares of the company's stock after selling 10,089 shares during the quarter. Quantbot Technologies LP's holdings in Kraft Heinz were worth $1,508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KHC. New York Life Investment Management LLC boosted its position in Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Kraft Heinz by 5.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after buying an additional 366 shares in the last quarter. Winch Advisory Services LLC grew 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 buying an additional 380 shares during the period. Cohen Investment Advisors LLC increased its holdings 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 buying an additional 487 shares in the last quarter. Finally, LMG Wealth Partners LLC raised its position in shares of Kraft Heinz by 1.4% in the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company's stock worth $1,137,000 after acquiring an additional 498 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KHC. UBS Group dropped their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company cut their price objective 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 decreased 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. Morgan Stanley started coverage on shares of Kraft Heinz in a report on Monday. They issued an "underweight" rating and a $29.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.73.

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Kraft Heinz Price Performance

NASDAQ:KHC opened at $29.12 on Tuesday. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The stock has a market cap of $34.80 billion, a PE ratio of 12.89, a P/E/G ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a 50 day moving average price of $29.92 and a 200 day moving average price of $31.85.

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 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%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.49%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

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.

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