Farmers & Merchants Investments Inc. Lowers Position in The Kraft Heinz Company (NASDAQ:KHC)

Farmers & Merchants Investments Inc. lowered its holdings in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,417 shares of the company’s stock after selling 1,385 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Kraft Heinz were worth $3,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KHC. Fairfield Bush & CO. bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $65,000. Acadian Asset Management LLC increased its position in shares of Kraft Heinz by 197.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,331 shares of the company’s stock valued at $90,000 after purchasing an additional 1,548 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of Kraft Heinz by 4.0% during the 1st quarter. Raymond James Trust N.A. now owns 15,846 shares of the company’s stock valued at $624,000 after purchasing an additional 614 shares during the last quarter. Sei Investments Co. increased its position in shares of Kraft Heinz by 208.7% during the 1st quarter. Sei Investments Co. now owns 116,373 shares of the company’s stock valued at $4,679,000 after purchasing an additional 78,677 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $293,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KHC shares. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target on the stock. Wells Fargo & Company reduced their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Finally, Evercore ISI upgraded Kraft Heinz from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $42.00 in a research report on Monday, December 11th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.57.

Get Our Latest Report on KHC

Kraft Heinz Trading Up 0.9 %

KHC opened at $37.39 on Wednesday. The stock has a market cap of $45.45 billion, a PE ratio of 16.19, a PEG ratio of 2.93 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $35.94 and a 200-day moving average of $35.10. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47.

Kraft Heinz (NASDAQ:KHCGet Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities research analysts predict that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is currently 69.26%.

Kraft Heinz Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.