Sei Investments Co. Sells 104,217 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Sei Investments Co. trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 14.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 629,419 shares of the company’s stock after selling 104,217 shares during the quarter. Sei Investments Co. owned about 0.05% of Kraft Heinz worth $19,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kraft Heinz in the third quarter worth approximately $411,304,000. State Street Corp boosted its holdings in Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after purchasing an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC grew its position in Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after purchasing an additional 1,944,019 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in Kraft Heinz by 96.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock valued at $87,777,000 after buying an additional 1,403,220 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Kraft Heinz during the 4th quarter valued at $39,339,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $30.07 on Friday. The stock’s 50-day moving average is $29.97 and its two-hundred day moving average is $31.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market cap of $35.93 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.32%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research reports. TD Cowen reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. Morgan Stanley began coverage on shares of Kraft Heinz in a report on Monday. They set an “underweight” rating and a $29.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.73.

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.