The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,317 shares of the company’s stock after selling 15,432 shares during the period. Corient Private Wealth LLC’s holdings in Kraft Heinz were worth $5,906,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KHC. Mutual of America Capital Management LLC increased its stake in Kraft Heinz by 9.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 108,792 shares of the company’s stock valued at $3,820,000 after purchasing an additional 9,157 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Kraft Heinz by 23.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company’s stock valued at $1,848,000 after purchasing an additional 9,833 shares in the last quarter. Pathstone Holdings LLC increased its stake in Kraft Heinz by 34.4% in the 3rd quarter. Pathstone Holdings LLC now owns 96,151 shares of the company’s stock valued at $3,376,000 after purchasing an additional 24,606 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Kraft Heinz in the 3rd quarter valued at approximately $1,844,000. Finally, PNC Financial Services Group Inc. increased its stake in Kraft Heinz by 7.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 200,937 shares of the company’s stock valued at $7,055,000 after purchasing an additional 13,452 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on KHC. Evercore ISI reissued an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Stifel Nicolaus dropped their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, Piper Sandler dropped their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Trading Down 0.6 %

Shares of KHC opened at $29.52 on Friday. The company has a market capitalization of $35.28 billion, a P/E ratio of 13.06, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a 50-day moving average price of $29.92 and a 200 day moving average price of $31.95.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results 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%. Sell-side analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.42%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s 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.