Verdence Capital Advisors LLC lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 71.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,079 shares of the company's stock after selling 32,958 shares during the quarter. Verdence Capital Advisors LLC's holdings in Kraft Heinz were worth $402,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Kraft Heinz by 19.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,328 shares of the company's stock valued at $398,000 after purchasing an additional 1,881 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Kraft Heinz by 26.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 314,912 shares of the company's stock valued at $11,057,000 after purchasing an additional 65,672 shares in the last quarter. Van ECK Associates Corp increased its holdings in Kraft Heinz by 218.1% during the 3rd quarter. Van ECK Associates Corp now owns 122,661 shares of the company's stock valued at $4,355,000 after purchasing an additional 84,102 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in Kraft Heinz by 2.6% during the 3rd quarter. Gulf International Bank UK Ltd now owns 72,532 shares of the company's stock valued at $2,546,000 after purchasing an additional 1,816 shares in the last quarter. Finally, United Advisor Group LLC acquired a new stake in shares of Kraft Heinz in the 3rd quarter valued at $216,000. Institutional investors own 78.17% of the company's stock.
Analyst Upgrades and Downgrades
KHC has been the subject of several research reports. Wells Fargo & Company lowered their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Piper Sandler lowered their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus decreased their price objective on 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, Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $30.86.
Get Our Latest Research Report on Kraft Heinz
Kraft Heinz Trading Up 2.9 %
KHC stock traded up $0.90 during midday trading on Friday, hitting $32.18. 15,741,101 shares of the company's stock were exchanged, compared to its average volume of 10,335,693. The stock's fifty day moving average price is $29.85 and its 200-day moving average price is $32.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market cap of $38.45 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96.
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, topping 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%. Research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.
Kraft Heinz Profile
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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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