The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 550,504 shares of the company’s stock after selling 16,571 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Kraft Heinz were worth $16,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in KHC. Sawyer & Company Inc purchased a new position in Kraft Heinz during the fourth quarter worth $25,000. Fortitude Family Office LLC increased its position in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in Kraft Heinz in the 3rd quarter valued at about $33,000. Finally, Larson Financial Group LLC boosted its stake in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of analyst reports. Piper Sandler cut their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased 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. Barclays dropped their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday. The Goldman Sachs Group decreased their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $34.00 to $28.00 in a research note on Thursday. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $28.92 on Friday. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The firm has a market capitalization of $34.97 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 3.74 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $32.74.

Kraft Heinz (NASDAQ:KHC) last issued 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 7.46% and a net margin of 5.24%. As a group, equities research analysts expect that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.53%. Kraft Heinz’s payout ratio is currently 144.14%.

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.