Amalgamated Bank Has $7.06 Million Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Amalgamated Bank reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 7.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 191,032 shares of the company’s stock after selling 15,613 shares during the quarter. Amalgamated Bank’s holdings in Kraft Heinz were worth $7,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates lifted its stake in shares of Kraft Heinz by 19.4% in the 3rd quarter. Raymond James & Associates now owns 913,878 shares of the company’s stock valued at $30,743,000 after purchasing an additional 148,673 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Kraft Heinz by 2.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 36,634 shares of the company’s stock valued at $1,232,000 after purchasing an additional 723 shares during the period. New York State Teachers Retirement System raised its stake in Kraft Heinz by 2.7% in the 3rd quarter. New York State Teachers Retirement System now owns 792,686 shares of the company’s stock worth $26,666,000 after purchasing an additional 20,898 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Kraft Heinz by 2.4% in the third quarter. Verdence Capital Advisors LLC now owns 53,235 shares of the company’s stock valued at $1,791,000 after buying an additional 1,246 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kraft Heinz by 5.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 149,944 shares of the company’s stock valued at $5,044,000 after purchasing an additional 7,795 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KHC shares. Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock 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 price objective on the stock. Finally, Bank of America increased their target price on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.50.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $36.35 on Monday. The firm has a market capitalization of $44.14 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.91 and a beta of 0.65. The company has a fifty day moving average of $36.35 and a 200-day moving average of $35.81. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.44.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 EPS. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders 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 dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

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.