Daymark Wealth Partners LLC decreased its position in The Kraft Heinz Company (NASDAQ:KHC – Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,690 shares of the company’s stock after selling 1,049 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Kraft Heinz were worth $205,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its holdings in shares of Kraft Heinz by 47.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 14,551 shares of the company’s stock valued at $469,000 after purchasing an additional 4,714 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Kraft Heinz by 70.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,263 shares of the company’s stock worth $5,615,000 after buying an additional 71,755 shares during the last quarter. Caxton Associates LP bought a new position in Kraft Heinz during the second quarter valued at about $371,000. Armistice Capital LLC acquired a new stake in shares of Kraft Heinz in the second quarter worth about $240,000. Finally, AQR Capital Management LLC boosted its stake in shares of Kraft Heinz by 14.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,063,076 shares of the company’s stock worth $130,912,000 after acquiring an additional 505,180 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.
Kraft Heinz Price Performance
Shares of KHC stock opened at $29.31 on Friday. The company has a market capitalization of $35.44 billion, a P/E ratio of 26.41, a P/E/G ratio of 3.45 and a beta of 0.48. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12 month low of $28.37 and a 12 month high of $38.96. The stock has a 50 day moving average of $30.57 and a two-hundred day moving average of $33.13.
Kraft Heinz Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.
Insider Buying and Selling
In related news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares in the company, valued at $5,626,122.75. This represents a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
KHC has been the subject of several analyst reports. Evercore ISI restated an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. UBS Group reduced their price objective 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. Mizuho lowered their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Citigroup cut their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $35.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $34.77.
Read Our Latest Stock Analysis on KHC
Kraft Heinz Company 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.
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