Robeco Institutional Asset Management B.V. Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

Robeco Institutional Asset Management B.V. cut its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,377,926 shares of the company's stock after selling 496,807 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.11% of Kraft Heinz worth $42,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at about $411,304,000. State Street Corp grew its holdings in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock worth $1,558,898,000 after acquiring an additional 6,366,732 shares during the period. Geode Capital Management LLC grew its holdings in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock worth $669,821,000 after acquiring an additional 1,944,019 shares during the period. Nordea Investment Management AB grew its holdings in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Kraft Heinz by 1,139.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company's stock worth $39,112,000 after acquiring an additional 1,170,814 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KHC has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. TD Cowen dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Citigroup dropped their price objective on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, Evercore ISI reissued an "in-line" rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $34.43.

Kraft Heinz Trading Up 0.7 %

KHC stock traded up $0.22 during midday trading on Thursday, hitting $29.88. 1,019,339 shares of the company's stock were exchanged, compared to its average volume of 8,617,900. The business has a 50-day simple moving average of $30.47 and a two-hundred day simple moving average of $33.07. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $36.13 billion, a PE ratio of 26.92, a P/E/G ratio of 3.45 and a beta of 0.48. The Kraft Heinz Company has a 1-year low of $28.37 and a 1-year high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.42 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares of the company's stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.32% of the company's stock.

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.