The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,245 shares of the company’s stock after selling 653 shares during the period. TIAA Trust National Association’s holdings in Kraft Heinz were worth $284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York Life Investment Management LLC grew its stake in Kraft Heinz by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Kraft Heinz by 5.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after acquiring an additional 366 shares during the last quarter. Winch Advisory Services LLC increased its holdings in shares of Kraft Heinz by 20.1% in the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock valued at $70,000 after acquiring an additional 380 shares during the period. Cohen Investment Advisors LLC raised its position in Kraft Heinz by 5.0% in the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares during the last quarter. Finally, LMG Wealth Partners LLC boosted its stake in Kraft Heinz by 1.4% during the 4th quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after purchasing an additional 498 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $30.24 on Friday. The firm’s fifty day simple moving average is $29.99 and its 200-day simple moving average is $31.74. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market cap of $36.14 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

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 net margin of 10.62% and a return on equity of 7.58%. Analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.29%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. UBS Group decreased their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company dropped their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday, February 13th. Three 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 company currently has an average rating of “Hold” and an average target price of $30.73.

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.