The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 6.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 174,068 shares of the company’s stock after selling 12,551 shares during the period. M&T Bank Corp’s holdings in Kraft Heinz were worth $5,346,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KHC. Ashton Thomas Securities LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at about $27,000. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Kraft Heinz in the third quarter valued at about $33,000. Larson Financial Group LLC grew its position in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares during the period. Finally, Hara Capital LLC acquired a new stake in shares of Kraft Heinz in the third quarter valued at about $37,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

Kraft Heinz stock opened at $32.18 on Friday. The company’s 50 day simple moving average is $29.85 and its 200-day simple moving average is $32.31. The company has a market capitalization of $38.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analyst Weigh In

KHC has been the topic of several research reports. UBS Group decreased their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Piper Sandler decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Evercore ISI reissued an “in-line” rating and issued a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.86.

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.