The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 29.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,331 shares of the company’s stock after selling 55,561 shares during the period. iA Global Asset Management Inc.’s holdings in Kraft Heinz were worth $4,002,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $26,000. Larson Financial Group LLC raised its position in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the last quarter. R Squared Ltd acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $29.71 on Friday. The firm has a 50 day simple moving average of $29.90 and a 200-day simple moving average of $32.00. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. 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 stock has a market cap of $35.50 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. Kraft Heinz’s payout ratio is currently 70.80%.

Analyst Ratings Changes

Several research firms recently weighed in on KHC. UBS Group reduced their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group reduced their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. TD Cowen reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price target 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. Finally, StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently 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.