LSV Asset Management Trims Position in The Kraft Heinz Company (NASDAQ:KHC)

LSV Asset Management reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,166,436 shares of the company's stock after selling 48,298 shares during the period. LSV Asset Management owned approximately 0.76% of Kraft Heinz worth $281,501,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KHC. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in Kraft Heinz in the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in Kraft Heinz in the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in Kraft Heinz during the fourth quarter worth about $34,000. Finally, OFI Invest Asset Management purchased a new stake in Kraft Heinz during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Down 1.2 %

KHC stock traded down $0.35 during trading on Tuesday, hitting $29.45. 3,391,848 shares of the company's stock were exchanged, compared to its average volume of 9,021,947. The stock has a market capitalization of $35.15 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week 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 business has a 50-day moving average price of $29.97 and a two-hundred day moving average price of $31.19.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Analyst Upgrades and Downgrades

KHC has been the subject of several analyst reports. TD Cowen dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Citigroup restated a "sell" rating and issued a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. 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 research report on Thursday, February 13th. Stifel Nicolaus lowered their price target on 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 restated an "in-line" rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.67.

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.