The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,079 shares of the company's stock after selling 30,203 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Kraft Heinz were worth $1,631,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter worth $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz during the 4th quarter worth $29,000. R Squared Ltd acquired a new position in shares of Kraft Heinz during the 4th quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz during the fourth quarter worth about $36,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 2.3 %

KHC opened at $29.46 on Monday. The business has a fifty day moving average price of $29.98 and a 200 day moving average price of $31.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The stock has a market capitalization of $35.16 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect 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 was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. Kraft Heinz's payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

KHC has been the topic of several recent analyst reports. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target 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. Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of "Hold" and a consensus price target of $30.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.