Cozad Asset Management Inc. Sells 377 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Cozad Asset Management Inc. lowered its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,441 shares of the company’s stock after selling 377 shares during the quarter. Cozad Asset Management Inc.’s holdings in Kraft Heinz were worth $978,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in Kraft Heinz by 10.7% in the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after purchasing an additional 2,369,080 shares during the period. AQR Capital Management LLC grew its holdings in Kraft Heinz by 86.0% in the 3rd quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock worth $155,671,000 after acquiring an additional 2,140,153 shares during the last quarter. LSV Asset Management increased its position in shares of Kraft Heinz by 27.1% in the third quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock valued at $311,621,000 after acquiring an additional 1,977,571 shares during the period. Nordea Investment Management AB raised its stake in shares of Kraft Heinz by 3,167.3% during the third quarter. Nordea Investment Management AB now owns 1,869,778 shares of the company’s stock valued at $63,198,000 after acquiring an additional 1,812,551 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Kraft Heinz by 7.2% during the third quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock worth $423,216,000 after purchasing an additional 850,326 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC stock opened at $36.28 on Thursday. 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 firm has a 50 day moving average price of $36.34 and a 200-day moving average price of $35.74. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $41.47. The firm has a market capitalization of $44.10 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 3.07 and a beta of 0.65.

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

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.41%. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

Analyst Upgrades and Downgrades

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

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.