Clark Estates Inc. NY Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

Clark Estates Inc. NY lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 81,700 shares of the company’s stock after selling 9,900 shares during the period. Clark Estates Inc. NY’s holdings in Kraft Heinz were worth $2,509,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Kraft Heinz by 19.9% in the third quarter. Farther Finance Advisors LLC now owns 11,328 shares of the company’s stock worth $398,000 after purchasing an additional 1,881 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Kraft Heinz in the 3rd quarter worth $203,000. Janney Montgomery Scott LLC increased its stake in Kraft Heinz by 26.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 314,912 shares of the company’s stock worth $11,057,000 after buying an additional 65,672 shares in the last quarter. Van ECK Associates Corp raised its holdings in Kraft Heinz by 218.1% during the third quarter. Van ECK Associates Corp now owns 122,661 shares of the company’s stock valued at $4,355,000 after acquiring an additional 84,102 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Kraft Heinz by 6.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,874,733 shares of the company’s stock valued at $65,822,000 after acquiring an additional 109,777 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their target price for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. TD Cowen reduced their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $30.98 on Wednesday. The firm has a market capitalization of $37.02 billion, a price-to-earnings ratio of 13.71, a PEG 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 business has a 50 day simple moving average of $29.80 and a 200-day simple moving average of $32.35. 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 EPS for the quarter, topping 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%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 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.