The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,081 shares of the company’s stock after selling 3,678 shares during the quarter. Amalgamated Bank’s holdings in Kraft Heinz were worth $5,223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KHC. Charles Schwab Investment Management Inc. increased its stake in Kraft Heinz by 11.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after purchasing an additional 545,504 shares during the period. Banque Cantonale Vaudoise increased its position in Kraft Heinz by 52.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock valued at $5,988,000 after acquiring an additional 58,665 shares during the period. Brookstone Capital Management raised its stake in Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after acquiring an additional 238,913 shares during the last quarter. Easterly Investment Partners LLC lifted its position in Kraft Heinz by 39.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after acquiring an additional 44,485 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after purchasing an additional 54,656 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.1 %

KHC opened at $30.65 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The business’s fifty day moving average is $29.77 and its two-hundred day moving average is $32.45.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid 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 5.22%. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KHC. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. UBS Group dropped their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays reduced their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, Jefferies Financial Group dropped their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $30.86.

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.