The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Glenview Trust co

Glenview Trust co lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 38.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,731 shares of the company’s stock after selling 27,023 shares during the quarter. Glenview Trust co’s holdings in Kraft Heinz were worth $1,343,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sawyer & Company Inc acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $25,000. Larson Financial Group LLC boosted its position in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after purchasing an additional 636 shares during the period. R Squared Ltd acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $34,000. OFI Invest Asset Management acquired a new position in Kraft Heinz during the 4th quarter valued at approximately $36,000. Finally, Hara Capital LLC boosted its position in Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after acquiring an additional 650 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KHC. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. The Goldman Sachs Group reduced their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company reduced their price target on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Finally, Piper Sandler reduced their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Stock Up 1.4 %

Shares of Kraft Heinz stock opened at $30.66 on Tuesday. The stock’s fifty day moving average is $29.88 and its 200-day moving average is $32.06. The firm has a market capitalization of $36.64 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. 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 Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its 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 return on equity of 7.58% and a net margin of 10.62%. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

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.