Keybank National Association OH Sells 42,484 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Keybank National Association OH cut its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,935 shares of the company's stock after selling 42,484 shares during the period. Keybank National Association OH's holdings in Kraft Heinz were worth $3,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the third quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in Kraft Heinz in the 3rd quarter valued at $33,000. Larson Financial Group LLC raised its stake in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock valued at $34,000 after buying an additional 636 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Kraft Heinz during the 4th quarter worth about $34,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KHC. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. 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 target 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. Finally, JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $30.86.

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Kraft Heinz Price Performance

Shares of NASDAQ KHC traded up $0.90 during trading on Friday, reaching $32.18. The company had a trading volume of 15,741,101 shares, compared to its average volume of 10,335,693. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The business's 50 day moving average price is $29.85 and its 200-day moving average price is $32.29. The stock has a market cap of $38.45 billion, a PE ratio of 14.24, a PEG ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

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 net margin of 10.62% and a return on equity of 7.58%. Analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

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.