The Kraft Heinz Company (NASDAQ:KHC) Position Cut by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. cut its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,203 shares of the company's stock after selling 13,085 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Kraft Heinz were worth $3,538,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Arkadios Wealth Advisors grew its holdings in shares of Kraft Heinz by 20.8% during the fourth quarter. Arkadios Wealth Advisors now owns 26,123 shares of the company's stock worth $802,000 after buying an additional 4,499 shares in the last quarter. Merit Financial Group LLC boosted its position in Kraft Heinz by 46.4% during the fourth quarter. Merit Financial Group LLC now owns 12,573 shares of the company's stock worth $386,000 after acquiring an additional 3,986 shares during the last quarter. Tompkins Financial Corp grew its stake in Kraft Heinz by 175.2% in the 4th quarter. Tompkins Financial Corp now owns 2,174 shares of the company's stock worth $67,000 after acquiring an additional 1,384 shares during the period. KMG Fiduciary Partners LLC acquired a new position in Kraft Heinz in the 4th quarter valued at $1,620,000. Finally, Cohen Investment Advisors LLC lifted its stake in shares of Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after purchasing an additional 487 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 1.0 %

Shares of KHC traded up $0.30 during trading on Friday, reaching $29.27. The company's stock had a trading volume of 7,978,023 shares, compared to its average volume of 8,205,660. The company has a market cap of $35.39 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 3.29 and a beta of 0.48. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $30.80 and a two-hundred day moving average of $33.21. The Kraft Heinz Company has a twelve month low of $28.37 and a twelve month high of $38.96.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz's payout ratio is currently 144.14%.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. Stifel Nicolaus lowered Kraft Heinz from a "buy" rating to a "hold" rating and dropped their target price for the company from $40.00 to $38.00 in a research note on Friday, October 25th. Barclays cut their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. UBS Group lowered their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, TD Cowen dropped their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $35.23.

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.