The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Accuvest Global Advisors

Accuvest Global Advisors lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,223 shares of the company’s stock after selling 718 shares during the period. Kraft Heinz makes up about 0.4% of Accuvest Global Advisors’ investment portfolio, making the stock its 17th biggest position. Accuvest Global Advisors’ holdings in Kraft Heinz were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KHC. AMF Tjanstepension AB grew its holdings in shares of Kraft Heinz by 143.4% in the 3rd quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock worth $8,620,000 after acquiring an additional 144,646 shares during the period. Bleakley Financial Group LLC grew its holdings in Kraft Heinz by 4.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 18,870 shares of the company’s stock valued at $663,000 after buying an additional 758 shares during the last quarter. Blue Trust Inc. grew its holdings in Kraft Heinz by 157.8% during the 3rd quarter. Blue Trust Inc. now owns 9,395 shares of the company’s stock valued at $303,000 after buying an additional 5,750 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Kraft Heinz by 109.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,114,970 shares of the company’s stock valued at $39,147,000 after buying an additional 582,219 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Kraft Heinz during the 3rd quarter valued at $101,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on KHC. Mizuho cut Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. TD Cowen lowered their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Trading Up 1.4 %

NASDAQ:KHC opened at $29.32 on Wednesday. The business’s 50-day moving average is $29.80 and its two-hundred day moving average is $32.62. 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 $35.04 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 3.25 and a beta of 0.47.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

About Kraft Heinz

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.