Keybank National Association OH Sells 42,484 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Keybank National Association OH lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,935 shares of the company’s stock after selling 42,484 shares during the quarter. Keybank National Association OH’s holdings in Kraft Heinz were worth $3,898,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KHC. Farther Finance Advisors LLC boosted its position 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 valued at $398,000 after acquiring an additional 1,881 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Kraft Heinz in the third quarter valued at approximately $203,000. Janney Montgomery Scott LLC raised its stake in shares of Kraft Heinz by 26.3% in the third quarter. Janney Montgomery Scott LLC now owns 314,912 shares of the company’s stock valued at $11,057,000 after purchasing an additional 65,672 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Kraft Heinz by 218.1% in the third quarter. Van ECK Associates Corp now owns 122,661 shares of the company’s stock valued at $4,355,000 after purchasing an additional 84,102 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Kraft Heinz by 27.3% in the third quarter. National Pension Service now owns 1,823,254 shares of the company’s stock valued at $64,014,000 after purchasing an additional 390,477 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. UBS Group cut their target price 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. Wells Fargo & Company cut their target price on 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. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and cut their target price for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Citigroup lowered Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Finally, StockNews.com lowered Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.86.

Kraft Heinz Price Performance

Shares of KHC stock opened at $30.99 on Thursday. The stock’s fifty day moving average is $29.80 and its 200-day moving average is $32.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a market capitalization of $37.03 billion, a PE ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its 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 return on equity of 7.58% and a net margin of 10.62%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 5.16%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is 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.