Cibc World Markets Corp Purchases 45,310 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Cibc World Markets Corp increased its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,192 shares of the company's stock after purchasing an additional 45,310 shares during the quarter. Cibc World Markets Corp's holdings in Kraft Heinz were worth $11,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York Life Investment Management LLC increased its stake in shares of Kraft Heinz by 0.3% during 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 during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Kraft Heinz by 5.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock valued at $223,000 after acquiring an additional 366 shares during the period. Winch Advisory Services LLC increased 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 worth $70,000 after acquiring an additional 380 shares during the period. Cohen Investment Advisors LLC raised its stake in Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after purchasing an additional 487 shares during the last quarter. Finally, LMG Wealth Partners LLC increased its holdings in shares of Kraft Heinz by 1.4% during the 4th quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company's stock worth $1,137,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

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Analyst Ratings Changes

KHC has been the subject of several recent research reports. Wells Fargo & Company cut their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. TD Cowen decreased 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. Citigroup lowered Kraft Heinz from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.86.

Kraft Heinz Trading Down 0.6 %

NASDAQ KHC traded down $0.19 on Friday, hitting $29.52. The company's stock had a trading volume of 25,259,474 shares, compared to its average volume of 8,486,683. The firm has a market cap of $35.28 billion, a PE ratio of 13.06, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company's 50-day moving average is $29.90 and its 200 day moving average is $32.00. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Friday, March 7th. Kraft Heinz's dividend payout ratio is currently 70.80%.

Kraft Heinz Company 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.