Glenview Trust co Sells 27,023 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Glenview Trust co reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 38.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,731 shares of the company's stock after selling 27,023 shares during the period. Glenview Trust co's holdings in Kraft Heinz were worth $1,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kraft Heinz in the 3rd quarter worth about $411,304,000. State Street Corp boosted its position in Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after buying an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 1,944,019 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of Kraft Heinz by 96.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after buying an additional 1,403,220 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $39,339,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Down 0.6 %

KHC traded down $0.19 during midday trading on Friday, reaching $29.52. 25,259,113 shares of the company were exchanged, compared to its average volume of 8,486,681. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $35.28 billion, a P/E ratio of 13.06, a PEG ratio of 3.39 and a beta of 0.40. The stock's 50-day simple moving average is $29.90 and its 200 day simple moving average is $32.00. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96.

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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 for the quarter, topping 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 forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 5.42%. The ex-dividend date is Friday, March 7th. Kraft Heinz's payout ratio is presently 70.80%.

Analysts Set New Price Targets

A number of research firms recently commented on KHC. Jefferies Financial Group decreased their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Citigroup cut Kraft Heinz from a "buy" rating to a "neutral" rating and cut their price target for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Stifel Nicolaus lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Finally, Evercore ISI reiterated an "in-line" rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.86.

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.