Natixis Advisors LLC lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 769,109 shares of the company's stock after selling 144,784 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Kraft Heinz worth $23,619,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC boosted its stake in Kraft Heinz by 28.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 21,479 shares of the company's stock valued at $754,000 after purchasing an additional 4,769 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Kraft Heinz by 3.4% in the third quarter. Kentucky Retirement Systems now owns 61,489 shares of the company's stock valued at $2,159,000 after buying an additional 2,011 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Kraft Heinz by 2.6% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 26,132 shares of the company's stock valued at $917,000 after buying an additional 674 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in Kraft Heinz by 9.2% during the third quarter. Mutual of America Capital Management LLC now owns 108,792 shares of the company's stock worth $3,820,000 after acquiring an additional 9,157 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Kraft Heinz by 23.0% in the third quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company's stock worth $1,848,000 after acquiring an additional 9,833 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.
Kraft Heinz Stock Down 0.6 %
Shares of KHC traded down $0.19 during trading hours on Friday, reaching $29.52. The company's stock had a trading volume of 25,259,113 shares, compared to its average volume of 8,486,681. The company has a 50 day moving average of $29.90 and a two-hundred day moving average of $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. The firm has a market cap of $35.28 billion, a price-to-earnings ratio of 13.06, a P/E/G 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.
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, research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Dividend Announcement
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 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's payout ratio is currently 70.80%.
Analyst Ratings Changes
Several brokerages have recently issued reports on KHC. UBS Group lowered their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Piper Sandler reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Evercore ISI reaffirmed 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 equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $30.86.
Check Out Our Latest Analysis on KHC
Kraft Heinz Profile
(
Free Report)
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.
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