The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Bison Wealth LLC

Bison Wealth LLC trimmed its stake in The Kraft Heinz Company (NASDAQ:KHC) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,789 shares of the company’s stock after selling 553 shares during the quarter. Bison Wealth LLC’s holdings in Kraft Heinz were worth $214,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. bought a new stake in Kraft Heinz in the fourth quarter valued at $225,000. Waldron Private Wealth LLC raised its stake in shares of Kraft Heinz by 11.5% during the fourth quarter. Waldron Private Wealth LLC now owns 7,530 shares of the company’s stock valued at $278,000 after purchasing an additional 779 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Kraft Heinz by 11.6% during the fourth quarter. Vontobel Holding Ltd. now owns 538,070 shares of the company’s stock valued at $19,898,000 after purchasing an additional 55,901 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Kraft Heinz by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,637,388 shares of the company’s stock valued at $97,531,000 after purchasing an additional 263,061 shares in the last quarter. Finally, Crumly & Associates Inc. grew its holdings in Kraft Heinz by 35.8% during the fourth quarter. Crumly & Associates Inc. now owns 13,717 shares of the company’s stock worth $507,000 after acquiring an additional 3,617 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KHC. Citigroup began coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Wells Fargo & Company dropped their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Finally, Bank of America lifted their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.71.

Kraft Heinz Stock Up 0.8 %

KHC opened at $36.90 on Thursday. The business has a 50 day moving average price of $35.86 and a 200 day moving average price of $35.34. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The firm has a market cap of $44.86 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.89 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.34%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

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.