Twin Capital Management Inc. Trims Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Twin Capital Management Inc. trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,284 shares of the company’s stock after selling 412 shares during the period. Twin Capital Management Inc.’s holdings in Kraft Heinz were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management bought a new position in Kraft Heinz in the 3rd quarter valued at $26,000. Ancora Advisors LLC lifted its holdings in shares of Kraft Heinz by 69.9% during the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after acquiring an additional 272 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Kraft Heinz during the 3rd quarter worth $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Kraft Heinz during the 4th quarter worth $32,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Kraft Heinz during the 4th quarter worth $33,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KHC. Citigroup began coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America boosted their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.57.

Kraft Heinz Price Performance

KHC stock opened at $37.78 on Friday. The firm’s 50-day moving average price is $35.91 and its two-hundred day moving average price is $35.37. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47. The stock has a market capitalization of $45.93 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.93 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s payout ratio is 69.26%.

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.