The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC trimmed its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,885 shares of the company’s stock after selling 2,730 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Kraft Heinz were worth $2,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Kraft Heinz by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock valued at $2,362,053,000 after acquiring an additional 417,115 shares in the last quarter. Invesco Ltd. boosted its position in shares of Kraft Heinz by 10.7% in the third quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after buying an additional 2,369,080 shares during the period. Morgan Stanley grew its holdings in shares of Kraft Heinz by 7.2% during the third quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock valued at $423,216,000 after buying an additional 850,326 shares in the last quarter. LSV Asset Management raised its position in Kraft Heinz by 27.1% during the third quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock valued at $311,621,000 after buying an additional 1,977,571 shares during the period. Finally, Northern Trust Corp lifted its stake in Kraft Heinz by 3.7% in the 3rd quarter. Northern Trust Corp now owns 9,120,015 shares of the company’s stock worth $306,797,000 after acquiring an additional 324,450 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KHC shares. Deutsche Bank Aktiengesellschaft lifted their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Bank of America increased their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Finally, Citigroup started coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average target price of $40.57.

Kraft Heinz Trading Down 6.0 %

Shares of KHC stock opened at $36.28 on Thursday. The business’s 50 day moving average is $36.34 and its two-hundred day moving average is $35.74. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47. The company has a market cap of $44.10 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.07 and a beta of 0.65.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Equities analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.41%. Kraft Heinz’s payout ratio is currently 69.26%.

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.