Lipe & Dalton Sells 3,129 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Lipe & Dalton trimmed its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,959 shares of the company’s stock after selling 3,129 shares during the period. Kraft Heinz makes up about 2.5% of Lipe & Dalton’s portfolio, making the stock its 12th biggest position. Lipe & Dalton’s holdings in Kraft Heinz were worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in Kraft Heinz by 16.7% during the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC grew its stake in Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Kraft Heinz during the 3rd quarter worth $411,304,000. Nordea Investment Management AB grew its stake in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after buying an additional 545,504 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KHC. Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Evercore ISI restated an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Up 3.2 %

Shares of NASDAQ KHC opened at $31.13 on Friday. The stock has a market cap of $37.20 billion, a P/E ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The business’s fifty day simple moving average is $29.73 and its 200-day simple moving average is $32.56.

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 analysts’ consensus estimates 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, equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 annualized dividend and a dividend yield of 5.14%. 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.