The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 21.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,606 shares of the company’s stock after buying an additional 5,394 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Kraft Heinz were worth $940,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State Street Corp grew its position in Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares in the last quarter. Geode Capital Management LLC grew its position in Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after purchasing an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Kraft Heinz during the third quarter valued at approximately $411,304,000. Nordea Investment Management AB grew its position in Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after purchasing an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kraft Heinz by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company’s stock valued at $172,016,000 after purchasing an additional 293,694 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KHC shares. UBS Group reduced their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their target price for the company from $36.00 to $30.00 in a research note on Thursday, February 13th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. TD Cowen reduced their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Price Performance

NASDAQ:KHC opened at $30.23 on Monday. The stock has a market cap of $36.12 billion, a P/E ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The company has a fifty day moving average price of $29.86 and a 200 day moving average price of $32.09. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96.

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

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

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.