Steph & Co. Has $157,000 Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Steph & Co. cut its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 66.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,103 shares of the company's stock after selling 10,143 shares during the period. Steph & Co.'s holdings in Kraft Heinz were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz during the third quarter valued at approximately $411,304,000. State Street Corp lifted its holdings in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC boosted its position in shares of Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after purchasing an additional 1,944,019 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company's stock worth $178,379,000 after buying an additional 1,778,263 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded up $0.24 during trading on Thursday, reaching $28.97. The company's stock had a trading volume of 7,489,452 shares, compared to its average volume of 9,738,981. The Kraft Heinz Company has a one year low of $28.37 and a one year high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $30.95 and a two-hundred day moving average price of $33.25. The stock has a market capitalization of $35.03 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 3 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.52%. Kraft Heinz's payout ratio is currently 144.14%.

Analysts Set New Price Targets

Several brokerages recently commented on KHC. Piper Sandler reissued a "neutral" rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Barclays decreased their target price on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. UBS Group cut their target price on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Citigroup dropped their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and a consensus target price of $35.23.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the sale, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.37% of the stock is owned by company insiders.

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.