Epoch Investment Partners Inc. Has $879,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Epoch Investment Partners Inc. trimmed its stake in The Kraft Heinz Company (NASDAQ:KHC) by 98.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,822 shares of the company’s stock after selling 1,608,427 shares during the period. Epoch Investment Partners Inc.’s holdings in Kraft Heinz were worth $879,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Kraft Heinz by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 70,398,831 shares of the company’s stock valued at $2,603,349,000 after purchasing an additional 183,234 shares during the last quarter. Capital World Investors lifted its holdings in Kraft Heinz by 83.4% during the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock valued at $321,388,000 after purchasing an additional 3,961,872 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kraft Heinz by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,577,285 shares of the company’s stock valued at $169,268,000 after purchasing an additional 137,169 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kraft Heinz by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock valued at $113,960,000 after purchasing an additional 474,758 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock valued at $104,929,000 after purchasing an additional 1,027,636 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on KHC shares. Piper Sandler cut their price target on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Thursday, June 20th. Barclays dropped their target price on shares of Kraft Heinz from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Bank of America dropped their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday, June 27th. Finally, Citigroup dropped their target price on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Insider Activity at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.95, for a total transaction of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Up 0.2 %

Shares of NASDAQ:KHC traded up $0.07 during trading on Friday, hitting $33.36. 6,048,693 shares of the company’s stock were exchanged, compared to its average volume of 6,747,805. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $38.96. The firm has a 50-day moving average price of $33.46 and a two-hundred day moving average price of $35.40. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The firm has a market cap of $40.51 billion, a P/E ratio of 14.57, a PEG ratio of 3.35 and a beta of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Equities analysts predict that The Kraft Heinz Company will post 2.99 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Thursday, June 6th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

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.