Quantbot Technologies LP Lowers Position in The Kraft Heinz Company (NASDAQ:KHC)

Quantbot Technologies LP reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 17.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,089 shares of the company’s stock after selling 10,089 shares during the period. Quantbot Technologies LP’s holdings in Kraft Heinz were worth $1,508,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KHC. Brookstone Capital Management grew its stake in shares of Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after buying an additional 238,913 shares in the last quarter. Toronto Dominion Bank grew its position in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after acquiring an additional 54,656 shares in the last quarter. Nordea Investment Management AB increased its stake in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after purchasing an additional 1,238,200 shares during the period. FLC Capital Advisors lifted its position in shares of Kraft Heinz by 121.0% during the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock worth $573,000 after purchasing an additional 10,214 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Kraft Heinz by 511.7% in the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company’s stock valued at $1,312,000 after purchasing an additional 35,725 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research reports. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley started coverage on Kraft Heinz in a research note on Monday. They issued an “underweight” rating and a $29.00 price objective on the stock. Evercore ISI reissued an “in-line” rating and set a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Three investment 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, Kraft Heinz has a consensus rating of “Hold” and an average target price of $30.73.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $29.12 on Tuesday. 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 12 month low of $27.25 and a 12 month high of $38.96. The firm has a market capitalization of $34.80 billion, a P/E ratio of 12.89, a P/E/G ratio of 3.39 and a beta of 0.40. The company’s fifty day moving average price is $29.92 and its 200 day moving average price is $31.85.

Kraft Heinz (NASDAQ:KHC) last posted its 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 return on equity of 7.58% and a net margin of 10.62%. As a group, sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 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.