Sigma Planning Corp Has $499,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Sigma Planning Corp lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 60.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,481 shares of the company’s stock after selling 20,320 shares during the quarter. Sigma Planning Corp’s holdings in Kraft Heinz were worth $499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KHC. Vanguard Group Inc. increased its stake in Kraft Heinz by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 70,215,597 shares of the company’s stock valued at $2,362,053,000 after buying an additional 417,115 shares during the period. Invesco Ltd. grew its holdings in shares of Kraft Heinz by 10.7% during the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock valued at $827,581,000 after acquiring an additional 2,369,080 shares in the last quarter. Morgan Stanley increased its stake in shares of Kraft Heinz by 7.2% in the third quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock worth $423,216,000 after acquiring an additional 850,326 shares during the last quarter. LSV Asset Management raised its holdings in shares of Kraft Heinz by 27.1% during the third quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock worth $311,621,000 after acquiring an additional 1,977,571 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Kraft Heinz by 3.7% during the third quarter. Northern Trust Corp now owns 9,120,015 shares of the company’s stock valued at $306,797,000 after purchasing an additional 324,450 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Bank of America increased their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Citigroup began coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of 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. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.57.

Kraft Heinz Price Performance

NASDAQ KHC opened at $38.37 on Friday. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The company has a fifty day simple moving average of $36.14 and a 200 day simple moving average of $35.55. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a market cap of $46.64 billion, a P/E ratio of 16.61, a P/E/G ratio of 3.04 and a beta of 0.67.

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

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 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.