The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,973 shares of the company's stock after selling 8,984 shares during the period. Valeo Financial Advisors LLC's holdings in Kraft Heinz were worth $1,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AustralianSuper Pty Ltd raised its stake in shares of Kraft Heinz by 137.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 506,587 shares of the company's stock worth $15,557,000 after buying an additional 293,459 shares during the last quarter. Banque Pictet & Cie SA raised its position in Kraft Heinz by 10.8% during the fourth quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock worth $2,764,000 after acquiring an additional 8,787 shares during the last quarter. V Square Quantitative Management LLC raised its position in Kraft Heinz by 14.0% during the fourth quarter. V Square Quantitative Management LLC now owns 9,047 shares of the company's stock worth $278,000 after acquiring an additional 1,109 shares during the last quarter. First Merchants Corp lifted its holdings in shares of Kraft Heinz by 30.6% in the fourth quarter. First Merchants Corp now owns 7,546 shares of the company's stock valued at $232,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Kraft Heinz by 10.0% in the fourth quarter. Vontobel Holding Ltd. now owns 435,102 shares of the company's stock valued at $13,362,000 after purchasing an additional 39,471 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 1.2 %

Shares of NASDAQ KHC traded up $0.37 during trading on Thursday, hitting $30.16. 8,637,687 shares of the company traded hands, compared to its average volume of 9,914,336. The firm has a market capitalization of $36.03 billion, a P/E ratio of 13.34, a P/E/G ratio of 3.29 and a beta of 0.47. 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 company has a 50-day moving average price of $29.77 and a 200-day moving average price of $32.60. 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.31%. Kraft Heinz's payout ratio is 70.80%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a "buy" rating to a "hold" rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Wells Fargo & Company decreased 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. UBS Group cut their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and an average target price of $30.86.

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.