The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 25.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,935 shares of the company’s stock after selling 42,484 shares during the quarter. Keybank National Association OH’s holdings in Kraft Heinz were worth $3,898,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its holdings in Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC raised its position in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after acquiring an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Kraft Heinz in the third quarter worth about $411,304,000. Nordea Investment Management AB raised its position in Kraft Heinz by 16.3% in the fourth 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Kraft Heinz by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company’s stock worth $172,016,000 after acquiring an additional 293,694 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Barclays cut their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Up 0.0 %

Shares of NASDAQ KHC opened at $30.99 on Thursday. The stock has a market cap of $37.03 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40. The business has a 50 day simple moving average of $29.80 and a 200 day simple moving average of $32.34. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week 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) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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%. On average, research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.16%. Kraft Heinz’s payout ratio is 70.80%.

Kraft Heinz Company 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.