Parallel Advisors LLC Sells 1,432 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Parallel Advisors LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,761 shares of the company’s stock after selling 1,432 shares during the quarter. Parallel Advisors LLC’s holdings in Kraft Heinz were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Sawyer & Company Inc purchased a new position in Kraft Heinz in the fourth quarter worth $25,000. Larson Financial Group LLC boosted its holdings in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the last quarter. R Squared Ltd bought a new position in Kraft Heinz during the fourth quarter valued at about $34,000. OFI Invest Asset Management purchased a new stake in Kraft Heinz during the fourth quarter worth about $36,000. Finally, Hara Capital LLC raised its position in Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after acquiring an additional 650 shares during the period. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KHC. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. The Goldman Sachs Group cut their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $29.52 on Friday. The company’s 50 day simple moving average is $29.92 and its two-hundred day simple moving average is $31.95. The stock has a market capitalization of $35.28 billion, a PE ratio of 13.06, a P/E/G ratio of 3.39 and a beta of 0.40. 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 1 year low of $27.25 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

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.