City Center Advisors LLC Has $634,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

City Center Advisors LLC trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,829 shares of the company’s stock after selling 1,112 shares during the quarter. Kraft Heinz makes up about 0.7% of City Center Advisors LLC’s portfolio, making the stock its 26th largest holding. City Center Advisors LLC’s holdings in Kraft Heinz were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock worth $2,779,524,000 after purchasing an additional 14,996,486 shares in the last quarter. Geode Capital Management LLC increased its position in Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company’s stock worth $604,644,000 after purchasing an additional 595,406 shares in the last quarter. Norges Bank acquired a new position in Kraft Heinz during the 4th quarter worth approximately $324,857,000. Northern Trust Corp increased its position in Kraft Heinz by 12.6% during the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company’s stock worth $285,286,000 after purchasing an additional 1,039,885 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kraft Heinz by 23.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company’s stock worth $263,650,000 after purchasing an additional 1,628,516 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KHC. JPMorgan Chase & Co. lowered their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group reduced their target price 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. DZ Bank lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a report on Friday, May 9th. Finally, Citigroup reissued a “sell” rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.53.

Kraft Heinz Trading Up 0.4%

NASDAQ:KHC opened at $26.73 on Friday. The firm’s fifty day moving average is $28.26 and its 200-day moving average is $29.59. 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 Kraft Heinz Company has a 52 week low of $26.01 and a 52 week high of $36.53. The firm has a market cap of $31.64 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.39 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the firm posted $0.69 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. Equities analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.99%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio is presently 73.06%.

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.