Stack Financial Management Inc Sells 8,124 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Stack Financial Management Inc reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,510 shares of the company’s stock after selling 8,124 shares during the period. Stack Financial Management Inc’s holdings in Kraft Heinz were worth $10,672,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MONECO Advisors LLC increased its stake in shares of Kraft Heinz by 9.0% during the fourth quarter. MONECO Advisors LLC now owns 17,825 shares of the company’s stock valued at $547,000 after buying an additional 1,465 shares during the period. Howard Capital Management Inc. increased its position in Kraft Heinz by 43.3% during the 4th quarter. Howard Capital Management Inc. now owns 31,108 shares of the company’s stock valued at $955,000 after purchasing an additional 9,398 shares during the period. Sigma Planning Corp raised its holdings in shares of Kraft Heinz by 21.8% in the 4th quarter. Sigma Planning Corp now owns 81,040 shares of the company’s stock valued at $2,489,000 after purchasing an additional 14,514 shares in the last quarter. Callan Capital LLC lifted its holdings in Kraft Heinz by 219.1% during the fourth quarter. Callan Capital LLC now owns 18,542 shares of the company’s stock worth $569,000 after buying an additional 12,731 shares during the period. Finally, Bell Bank boosted its position in Kraft Heinz by 19.8% during the 4th quarter. Bell Bank now owns 237,494 shares of the company’s stock valued at $7,293,000 after acquiring an additional 39,220 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on KHC shares. Citigroup lowered Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. UBS Group cut their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $38.00 to $31.00 in a research report on Monday, February 10th. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $30.86.

Kraft Heinz Trading Up 0.7 %

Kraft Heinz stock opened at $31.36 on Tuesday. The firm has a market cap of $37.47 billion, a PE ratio of 13.88, a P/E/G ratio of 3.39 and a beta of 0.47. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The stock’s 50 day simple moving average is $29.74 and its two-hundred day simple moving average is $32.50. The company has a current ratio of 1.06, a quick ratio of 0.59 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 (EPS) for the quarter, topping 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%. Analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.10%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.