Pavion Blue Capital LLC Sells 6,754 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Pavion Blue Capital LLC reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,483 shares of the company’s stock after selling 6,754 shares during the quarter. Pavion Blue Capital LLC’s holdings in Kraft Heinz were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KHC. AMF Tjanstepension AB boosted its position in shares of Kraft Heinz by 143.4% during the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock valued at $8,620,000 after acquiring an additional 144,646 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Kraft Heinz by 10.7% in the third quarter. Sequoia Financial Advisors LLC now owns 25,212 shares of the company’s stock worth $885,000 after buying an additional 2,446 shares during the last quarter. Eastern Bank bought a new stake in Kraft Heinz in the third quarter worth $41,000. International Assets Investment Management LLC lifted its position in Kraft Heinz by 4,806.3% in the third quarter. International Assets Investment Management LLC now owns 616,134 shares of the company’s stock worth $21,632,000 after buying an additional 603,576 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Kraft Heinz by 1.8% in the third quarter. IFM Investors Pty Ltd now owns 187,071 shares of the company’s stock worth $6,568,000 after buying an additional 3,363 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $31.13 on Friday. The firm has a market cap of $37.20 billion, a P/E ratio of 13.77, a P/E/G ratio of 3.39 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The stock’s fifty day moving average price is $29.73 and its 200-day moving average price is $32.54.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced 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 5.14%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KHC shares. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Barclays lowered their price target on 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. Evercore ISI reiterated an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $30.86.

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.