The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHCFree Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 275,031 shares of the company’s stock after selling 2,070 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Kraft Heinz were worth $10,171,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. grew its stake in Kraft Heinz by 57.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 65,505 shares of the company’s stock worth $2,204,000 after buying an additional 23,828 shares during the last quarter. New Mexico Educational Retirement Board grew its position in shares of Kraft Heinz by 7.2% during the third quarter. New Mexico Educational Retirement Board now owns 41,475 shares of the company’s stock worth $1,395,000 after acquiring an additional 2,800 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Kraft Heinz by 18.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 125,288 shares of the company’s stock valued at $4,215,000 after acquiring an additional 19,376 shares during the period. Banque Pictet & Cie SA raised its position in Kraft Heinz by 750.0% in the 3rd quarter. Banque Pictet & Cie SA now owns 85,000 shares of the company’s stock valued at $2,859,000 after purchasing an additional 75,000 shares during the last quarter. Finally, FDx Advisors Inc. boosted its stake in Kraft Heinz by 51.8% during the 3rd quarter. FDx Advisors Inc. now owns 15,965 shares of the company’s stock worth $537,000 after purchasing an additional 5,448 shares during the period. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on KHC shares. Bank of America upped their target price 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. Wells Fargo & Company reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.50.

Get Our Latest Analysis on Kraft Heinz

Insider Activity at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the sale, the insider now directly owns 158,266 shares in the company, valued at $5,689,662.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.

Kraft Heinz Trading Down 0.2 %

NASDAQ:KHC opened at $36.00 on Friday. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 2.89 and a beta of 0.65. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $39.34. The stock has a fifty day moving average price of $36.50 and a two-hundred day moving average price of $36.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 1.09.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is currently 69.87%.

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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