The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by AMG National Trust Bank

AMG National Trust Bank reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 36.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,553 shares of the company’s stock after selling 12,114 shares during the quarter. AMG National Trust Bank’s holdings in Kraft Heinz were worth $654,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KHC. Edgestream Partners L.P. acquired a new position in Kraft Heinz during the fourth quarter worth $3,221,000. E Fund Management Co. Ltd. raised its holdings in Kraft Heinz by 31.6% during the fourth quarter. E Fund Management Co. Ltd. now owns 16,428 shares of the company’s stock worth $505,000 after purchasing an additional 3,943 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Kraft Heinz during the fourth quarter worth $39,339,000. Vision Financial Markets LLC acquired a new position in Kraft Heinz during the fourth quarter worth $302,000. Finally, Aigen Investment Management LP raised its holdings in Kraft Heinz by 500.8% during the fourth quarter. Aigen Investment Management LP now owns 34,641 shares of the company’s stock worth $1,064,000 after purchasing an additional 28,875 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $32.18 on Friday. The company has a market cap of $38.45 billion, a P/E ratio of 14.24, a P/E/G ratio of 3.39 and a beta of 0.40. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The business has a fifty day simple moving average of $29.85 and a 200-day simple moving average of $32.29.

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

Kraft Heinz Dividend Announcement

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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KHC. Stifel Nicolaus reduced their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target on 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. Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, January 29th. Finally, Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Three 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, the company has a consensus rating of “Hold” and an average price target of $30.86.

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.