Associated Banc Corp Sells 653 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Associated Banc Corp trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,730 shares of the company’s stock after selling 653 shares during the quarter. Associated Banc Corp’s holdings in Kraft Heinz were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Intact Investment Management Inc. increased its stake in shares of Kraft Heinz by 9.2% in the 4th quarter. Intact Investment Management Inc. now owns 153,900 shares of the company’s stock worth $4,726,000 after acquiring an additional 12,930 shares in the last quarter. Aviso Financial Inc. increased its stake in Kraft Heinz by 25,449.2% during the 4th quarter. Aviso Financial Inc. now owns 15,585 shares of the company’s stock valued at $479,000 after purchasing an additional 15,524 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Kraft Heinz by 96.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company’s stock valued at $87,777,000 after purchasing an additional 1,403,220 shares in the last quarter. HBK Sorce Advisory LLC increased its stake in Kraft Heinz by 18.8% during the 4th quarter. HBK Sorce Advisory LLC now owns 7,937 shares of the company’s stock valued at $244,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Kraft Heinz by 95.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 345,932 shares of the company’s stock valued at $10,496,000 after purchasing an additional 168,734 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $30.23 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a market capitalization of $36.12 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. The firm’s 50 day simple moving average is $29.86 and its two-hundred day simple moving average is $32.12.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Mizuho downgraded shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Hold” and an average price target of $30.86.

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.