AMG National Trust Bank Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

AMG National Trust Bank trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,553 shares of the company's stock after selling 12,114 shares during the period. AMG National Trust Bank's holdings in Kraft Heinz were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the fourth quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the third quarter worth $27,000. Capital Performance Advisors LLP bought a new position in shares of Kraft Heinz in the third quarter worth $33,000. Larson Financial Group LLC raised its position in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Kraft Heinz in the fourth quarter worth $34,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Up 2.9 %

KHC stock traded up $0.90 during midday trading on Friday, hitting $32.18. The company's stock had a trading volume of 15,741,101 shares, compared to its average volume of 10,335,693. The company has a market cap of $38.45 billion, a PE ratio of 14.24, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average is $29.85 and its 200-day moving average is $32.29.

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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 (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given 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 4.97%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KHC shares. StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Stifel Nicolaus lowered their price objective 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. Bank of America downgraded Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. UBS Group lowered their price objective 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. Finally, Barclays lowered their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.86.

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.