Orion Portfolio Solutions LLC Cuts Position in The Kraft Heinz Company (NASDAQ:KHC)

Orion Portfolio Solutions LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 8.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 101,243 shares of the company’s stock after selling 9,151 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Kraft Heinz were worth $3,109,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KHC. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz in the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in Kraft Heinz in the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in Kraft Heinz in the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kraft Heinz during the fourth quarter worth $36,000. 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 analyst reports. Wells Fargo & Company dropped 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. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley began coverage on Kraft Heinz in a research report on Monday, March 24th. They issued an “underweight” rating and a $29.00 target price on the stock. Finally, UBS Group dropped their price target 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. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and an average target price of $30.73.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $30.43 on Tuesday. The company has a market cap of $36.36 billion, a PE ratio of 13.46, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The firm has a 50-day simple moving average of $30.01 and a 200 day simple moving average of $31.65. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.26%. 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.