The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 92,407 shares of the company’s stock after selling 1,852 shares during the period. US Bancorp DE’s holdings in Kraft Heinz were worth $2,838,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC grew its position in shares of Kraft Heinz by 19.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,328 shares of the company’s stock valued at $398,000 after buying an additional 1,881 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Kraft Heinz by 26.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 314,912 shares of the company’s stock valued at $11,057,000 after buying an additional 65,672 shares during the last quarter. Van ECK Associates Corp grew its position in Kraft Heinz by 218.1% in the 3rd quarter. Van ECK Associates Corp now owns 122,661 shares of the company’s stock worth $4,355,000 after purchasing an additional 84,102 shares during the last quarter. Gulf International Bank UK Ltd grew its position in Kraft Heinz by 2.6% in the 3rd quarter. Gulf International Bank UK Ltd now owns 72,532 shares of the company’s stock worth $2,546,000 after purchasing an additional 1,816 shares during the last quarter. Finally, United Advisor Group LLC bought a new position in Kraft Heinz in the 3rd quarter worth about $216,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on KHC. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Trading Up 0.9 %

KHC opened at $31.28 on Friday. 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 stock has a market capitalization of $37.38 billion, a PE ratio of 13.84, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The firm has a 50-day moving average price of $29.82 and a two-hundred day moving average price of $32.33.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results 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%. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio 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.