The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,192 shares of the company’s stock after selling 1,685 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Kraft Heinz were worth $1,572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sawyer & Company Inc purchased a new position in Kraft Heinz during the fourth quarter worth approximately $25,000. Fortitude Family Office LLC increased its holdings in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new stake in Kraft Heinz during the third quarter valued at about $33,000. Finally, Larson Financial Group LLC increased its stake in Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 3.2 %

KHC opened at $31.13 on Monday. The stock has a market capitalization of $37.20 billion, a PE ratio of 13.77, a P/E/G ratio of 3.39 and a beta of 0.47. 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 Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The firm’s fifty day moving average price is $29.73 and its 200 day moving average price is $32.53.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

A number of research firms recently issued reports on KHC. Barclays dropped their target price 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. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Piper Sandler reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.