Candriam S.C.A. Decreases Position in The Kraft Heinz Company (NASDAQ:KHC)

Candriam S.C.A. lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,517 shares of the company’s stock after selling 1,645 shares during the quarter. Candriam S.C.A.’s holdings in Kraft Heinz were worth $2,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KHC. New York Life Investment Management LLC lifted its position in shares of Kraft Heinz by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after purchasing an additional 361 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock worth $223,000 after purchasing an additional 366 shares during the last quarter. Winch Advisory Services LLC lifted its position in shares of Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Kraft Heinz by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its position in shares of Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock worth $315,000 after purchasing an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 2.9 %

Shares of Kraft Heinz stock opened at $32.18 on Monday. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $29.85 and its 200-day simple moving average is $32.27. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, equities research analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KHC shares. Piper Sandler cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. StockNews.com lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Evercore ISI reiterated an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $30.86.

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.