Stratos Wealth Partners LTD. decreased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,054 shares of the company's stock after selling 10,750 shares during the period. Stratos Wealth Partners LTD.'s holdings in Kraft Heinz were worth $554,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont raised its stake in shares of Kraft Heinz by 3.6% in the 3rd quarter. Trust Co. of Vermont now owns 10,388 shares of the company's stock worth $365,000 after buying an additional 358 shares in the last quarter. Winch Advisory Services LLC grew its holdings in shares of Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock worth $70,000 after acquiring an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company's stock worth $336,000 after acquiring an additional 381 shares during the last quarter. Smith Thornton Advisors LLC grew its holdings in shares of Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company's stock worth $727,000 after acquiring an additional 435 shares during the last quarter. Finally, Cohen Investment Advisors LLC grew its holdings in shares of Kraft Heinz by 5.0% in the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after acquiring an additional 487 shares during the last quarter. Institutional investors own 78.17% of the company's stock.
Kraft Heinz Stock Performance
Shares of NASDAQ KHC traded down $0.33 during trading hours on Friday, hitting $28.92. 9,271,761 shares of the company's stock were exchanged, compared to its average volume of 9,310,077. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The stock has a market capitalization of $34.97 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.74 and a beta of 0.47. The company's 50-day moving average price is $29.90 and its 200-day moving average price is $32.74.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. On average, sell-side analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.53%. Kraft Heinz's dividend payout ratio is 144.14%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on KHC shares. Piper Sandler decreased their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $36.00 to $30.00 in a report on Thursday. The Goldman Sachs Group decreased their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a report on Friday. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $30.86.
Check Out Our Latest Analysis on KHC
Kraft Heinz Profile
(
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.
Featured Stories
Before you consider Kraft Heinz, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kraft Heinz wasn't on the list.
While Kraft Heinz currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
