The Kraft Heinz Company (NASDAQ:KHC) Stock Position Reduced by Harbour Investments Inc.

Harbour Investments Inc. cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 17.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,294 shares of the company’s stock after selling 1,713 shares during the period. Harbour Investments Inc.’s holdings in Kraft Heinz were worth $255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sawyer & Company Inc acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $25,000. Larson Financial Group LLC lifted its stake 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 worth $34,000 after buying an additional 636 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $34,000. OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $36,000. Finally, Hara Capital LLC lifted its stake in shares of Kraft Heinz by 61.9% in the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after buying an additional 650 shares during the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.6 %

Shares of Kraft Heinz stock opened at $29.52 on Friday. The business has a fifty day simple moving average of $29.92 and a two-hundred day simple moving average of $31.95. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a market capitalization of $35.28 billion, a price-to-earnings ratio of 13.06, a P/E/G 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.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping 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%. Research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared 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 dividend yield of 5.42%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group reduced their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.86.

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.