The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lessened by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 96.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,221 shares of the company's stock after selling 220,157 shares during the period. Capital Group Private Client Services Inc.'s holdings in Kraft Heinz were worth $283,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KHC. Marshall Wace LLP boosted its holdings in shares of Kraft Heinz by 99.1% during the fourth quarter. Marshall Wace LLP now owns 28,469 shares of the company's stock valued at $874,000 after acquiring an additional 14,169 shares during the period. NewEdge Advisors LLC boosted its stake in Kraft Heinz by 36.4% during the 4th quarter. NewEdge Advisors LLC now owns 69,732 shares of the company's stock valued at $2,141,000 after purchasing an additional 18,593 shares during the period. United Capital Financial Advisors LLC increased its stake in shares of Kraft Heinz by 108.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 22,012 shares of the company's stock valued at $676,000 after purchasing an additional 11,436 shares during the period. Jump Financial LLC raised its holdings in shares of Kraft Heinz by 194.0% during the fourth quarter. Jump Financial LLC now owns 152,984 shares of the company's stock valued at $4,698,000 after buying an additional 100,954 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its position in shares of Kraft Heinz by 57.3% during the fourth quarter. Anchor Investment Management LLC now owns 2,031 shares of the company's stock worth $62,000 after buying an additional 740 shares during the period. Institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

KHC has been the topic of several recent analyst reports. Piper Sandler cut their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Citigroup reaffirmed a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Morgan Stanley initiated coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, TD Cowen dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $30.67.

Kraft Heinz Stock Up 2.3 %

Kraft Heinz stock opened at $29.46 on Friday. The firm's 50 day moving average price is $29.98 and its two-hundred day moving average price is $31.06. The firm has a market cap of $35.16 billion, a PE ratio of 13.04, a P/E/G ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

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 (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, research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

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

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