The Kraft Heinz Company (NASDAQ:KHC) Stock Position Decreased by FineMark National Bank & Trust

FineMark National Bank & Trust lowered its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,623 shares of the company’s stock after selling 3,358 shares during the period. FineMark National Bank & Trust’s holdings in Kraft Heinz were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KHC. Brookstone Capital Management boosted its position in Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after purchasing an additional 238,913 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after acquiring an additional 54,656 shares during the period. Nordea Investment Management AB grew its position in shares of Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after acquiring an additional 1,238,200 shares during the last quarter. FLC Capital Advisors increased its holdings in shares of Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company’s stock worth $573,000 after acquiring an additional 10,214 shares during the period. Finally, SG Americas Securities LLC lifted its position in Kraft Heinz by 511.7% in the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company’s stock valued at $1,312,000 after purchasing an additional 35,725 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 2.0 %

Shares of NASDAQ:KHC opened at $29.69 on Thursday. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a 50 day moving average price of $29.95 and a 200 day moving average price of $31.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last issued its 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 return on equity of 7.58% and a net margin of 10.62%. On average, research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KHC shares. Mizuho lowered 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 research note on Monday, February 10th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their target price for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Stifel Nicolaus reduced 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. The Goldman Sachs Group lowered their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.73.

About Kraft Heinz

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.