Tocqueville Asset Management L.P. lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 83.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,006 shares of the company's stock after selling 132,289 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Kraft Heinz were worth $799,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company's stock valued at $186,350,000 after acquiring an additional 545,504 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after buying an additional 238,913 shares during the last quarter. Toronto Dominion Bank increased its holdings in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock worth $17,132,000 after buying an additional 54,656 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after purchasing an additional 1,238,200 shares during the last quarter. Finally, FLC Capital Advisors boosted its holdings in Kraft Heinz by 121.0% in the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after purchasing an additional 10,214 shares during the last quarter. Institutional investors own 78.17% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on KHC. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. UBS Group cut their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Finally, Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.73.
Check Out Our Latest Stock Report on Kraft Heinz
Kraft Heinz Trading Down 1.4 %
KHC stock traded down $0.40 during trading on Monday, reaching $29.12. 13,802,029 shares of the stock were exchanged, compared to its average volume of 8,505,447. The business has a 50 day moving average price of $29.92 and a 200-day moving average price of $31.90. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $34.80 billion, a price-to-earnings ratio of 12.89, a P/E/G ratio of 3.39 and a beta of 0.40.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.
Kraft Heinz Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.
About Kraft Heinz
(
Free Report)
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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