Kimelman & Baird LLC Has $48,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Kimelman & Baird LLC decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 39.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,568 shares of the company’s stock after selling 1,027 shares during the quarter. Kimelman & Baird LLC’s holdings in Kraft Heinz were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in Kraft Heinz by 16.7% during the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its holdings in Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz during the 3rd quarter worth about $411,304,000. Nordea Investment Management AB lifted its holdings in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kraft Heinz by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company’s stock worth $172,016,000 after buying an additional 293,694 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KHC shares. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. TD Cowen dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays dropped their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Stock Performance

Shares of KHC opened at $30.23 on Monday. 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 stock has a 50 day moving average price of $29.86 and a two-hundred day moving average price of $32.09. The firm has a market capitalization of $36.12 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

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

Kraft Heinz Dividend Announcement

The firm also recently announced 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 5.29%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.