The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,801 shares of the company’s stock after selling 2,991 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kraft Heinz were worth $3,249,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Sawyer & Company Inc bought a new stake in Kraft Heinz in the 4th quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new position in Kraft Heinz during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP acquired a new position in Kraft Heinz during the third quarter worth about $33,000. Larson Financial Group LLC raised its holdings in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $34,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KHC. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Piper Sandler lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Barclays decreased their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $31.28 on Friday. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a fifty day moving average price of $29.82 and a 200-day moving average price of $32.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market cap of $37.38 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, equities research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend 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.