The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,140,511 shares of the company's stock after selling 85,441 shares during the period. Stifel Financial Corp owned 0.09% of Kraft Heinz worth $35,025,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in shares of Kraft Heinz by 150.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 99,530 shares of the company's stock valued at $3,057,000 after purchasing an additional 59,820 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in Kraft Heinz in the fourth quarter valued at $1,776,000. MetLife Investment Management LLC grew its position in Kraft Heinz by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 233,737 shares of the company's stock valued at $7,178,000 after acquiring an additional 4,126 shares during the period. Natixis increased its stake in Kraft Heinz by 25.2% during the fourth quarter. Natixis now owns 296,892 shares of the company's stock worth $9,118,000 after acquiring an additional 59,679 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Kraft Heinz by 6.8% in the 4th quarter. Norinchukin Bank The now owns 49,119 shares of the company's stock worth $1,508,000 after purchasing an additional 3,128 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price target on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, Kraft Heinz has an average rating of "Hold" and a consensus target price of $30.69.

Kraft Heinz Stock Down 0.5 %

KHC traded down $0.15 on Friday, reaching $29.49. The company's stock had a trading volume of 8,152,654 shares, compared to its average volume of 9,091,858. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.72. The business's 50 day moving average is $30.07 and its 200 day moving average is $30.90. 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 cap of $35.19 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio is currently 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.