Kraft Heinz Co (KHC) Shares Sold by First American Trust FSB
First American Trust FSB decreased its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,010 shares of the company’s stock after selling 942 shares during the period. First American Trust FSB’s holdings in Kraft Heinz were worth $3,267,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in Kraft Heinz by 30.0% in the second quarter. FMR LLC now owns 11,516,822 shares of the company’s stock worth $986,301,000 after acquiring an additional 2,659,846 shares during the period. Renaissance Technologies LLC bought a new position in Kraft Heinz in the second quarter worth approximately $102,151,000. Principal Financial Group Inc. raised its position in Kraft Heinz by 128.3% in the second quarter. Principal Financial Group Inc. now owns 1,932,498 shares of the company’s stock worth $165,499,000 after acquiring an additional 1,086,062 shares during the period. Pioneer Investment Management Inc. bought a new position in Kraft Heinz in the second quarter worth approximately $79,757,000. Finally, Alliancebernstein L.P. raised its position in Kraft Heinz by 49.4% in the second quarter. Alliancebernstein L.P. now owns 2,658,122 shares of the company’s stock worth $227,642,000 after acquiring an additional 878,768 shares during the period. Institutional investors own 62.02% of the company’s stock.
Several analysts have recently commented on the stock. BidaskClub downgraded shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 30th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Morgan Stanley decreased their price objective on shares of Kraft Heinz from $92.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, November 3rd. BMO Capital Markets decreased their price objective on shares of Kraft Heinz from $96.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 2nd. Finally, Susquehanna Bancshares decreased their price objective on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Kraft Heinz has a consensus rating of “Buy” and an average target price of $92.49.
Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the company posted $0.83 earnings per share. Kraft Heinz’s quarterly revenue was up .7% on a year-over-year basis. equities analysts predict that Kraft Heinz Co will post 3.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a $0.625 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.21%. Kraft Heinz’s payout ratio is currently 77.88%.
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About Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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