Trust Co. of Vermont Decreases Position in The Kraft Heinz Company (NASDAQ:KHC)

Trust Co. of Vermont reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,023 shares of the company’s stock after selling 1,365 shares during the period. Trust Co. of Vermont’s holdings in Kraft Heinz were worth $277,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its stake in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at about $27,000. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. DiNuzzo Private Wealth Inc. boosted its position in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after acquiring an additional 797 shares during the last quarter. Finally, Bangor Savings Bank acquired a new stake in Kraft Heinz in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 1.0 %

Shares of NASDAQ KHC opened at $29.27 on Monday. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $30.80 and its two-hundred day moving average is $33.21. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The firm has a market cap of $35.39 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.29 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Research analysts predict that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.

Analyst Upgrades and Downgrades

KHC has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Evercore ISI reaffirmed an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a research report on Friday, October 25th. Citigroup cut their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $35.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $35.23.

Insider Buying and Selling

In related news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.37% of the stock is owned by insiders.

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.