The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by River Global Investors LLP

River Global Investors LLP lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 40.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,550 shares of the company’s stock after selling 23,763 shares during the period. River Global Investors LLP’s holdings in Kraft Heinz were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in Kraft Heinz by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 207,634 shares of the company’s stock worth $6,376,000 after acquiring an additional 6,697 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Kraft Heinz during the fourth quarter worth $4,325,000. Machina Capital S.A.S. increased its holdings in Kraft Heinz by 544.9% in the fourth quarter. Machina Capital S.A.S. now owns 53,392 shares of the company’s stock valued at $1,640,000 after buying an additional 45,113 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Kraft Heinz in the fourth quarter valued at $3,221,000. Finally, E Fund Management Co. Ltd. lifted its holdings in Kraft Heinz by 31.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 16,428 shares of the company’s stock worth $505,000 after buying an additional 3,943 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KHC shares. JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Piper Sandler reduced their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group dropped their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of 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. Finally, Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Up 2.9 %

Kraft Heinz stock opened at $32.18 on Friday. The stock has a market capitalization of $38.45 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $29.85 and a two-hundred day moving average of $32.31. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.97%. Kraft Heinz’s dividend payout ratio is currently 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.