White Pine Capital LLC Sells 1,184 Shares of The Kraft Heinz Company (NASDAQ:KHC)

White Pine Capital LLC lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,579 shares of the company’s stock after selling 1,184 shares during the period. White Pine Capital LLC’s holdings in Kraft Heinz were worth $1,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. Caprock Group LLC raised its stake in Kraft Heinz by 4.0% during the 3rd quarter. Caprock Group LLC now owns 12,286 shares of the company’s stock worth $413,000 after acquiring an additional 472 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Kraft Heinz by 10.2% during the third quarter. Koshinski Asset Management Inc. now owns 8,237 shares of the company’s stock valued at $277,000 after buying an additional 765 shares during the last quarter. CX Institutional bought a new stake in shares of Kraft Heinz during the third quarter valued at approximately $305,000. Czech National Bank raised its position in shares of Kraft Heinz by 47.8% during the third quarter. Czech National Bank now owns 139,543 shares of the company’s stock valued at $4,694,000 after buying an additional 45,111 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Kraft Heinz by 0.9% during the third quarter. Asset Management One Co. Ltd. now owns 579,597 shares of the company’s stock valued at $19,498,000 after buying an additional 5,376 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

KHC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Bank of America boosted their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Citigroup started coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.57.

Kraft Heinz Trading Down 0.5 %

KHC stock traded down $0.21 during mid-day trading on Friday, reaching $38.16. 5,342,375 shares of the stock traded hands, compared to its average volume of 6,515,615. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The stock has a market capitalization of $46.39 billion, a PE ratio of 16.52, a PEG ratio of 3.03 and a beta of 0.67. The business has a 50-day moving average price of $36.20 and a two-hundred day moving average price of $35.56.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts expect that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is currently 69.26%.

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.