Cambridge Trust Co. Cuts Stake in The Kraft Heinz Company (NASDAQ:KHC)

Cambridge Trust Co. cut its position in The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,534 shares of the company’s stock after selling 764 shares during the period. Cambridge Trust Co.’s holdings in Kraft Heinz were worth $225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KHC. Horan Securities Inc. increased its holdings in Kraft Heinz by 206.4% in the 3rd quarter. Horan Securities Inc. now owns 766 shares of the company’s stock worth $26,000 after buying an additional 516 shares in the last quarter. Ossiam purchased a new position in shares of Kraft Heinz during the second quarter valued at approximately $28,000. O Dell Group LLC lifted its position in Kraft Heinz by 204.0% during the third quarter. O Dell Group LLC now owns 845 shares of the company’s stock valued at $28,000 after purchasing an additional 567 shares during the period. TD Capital Management LLC purchased a new stake in Kraft Heinz in the third quarter worth approximately $29,000. Finally, Pittenger & Anderson Inc. bought a new stake in Kraft Heinz in the 3rd quarter worth approximately $31,000. Institutional investors own 68.80% of the company’s stock.

Kraft Heinz Trading Down 1.4 %

Shares of Kraft Heinz stock opened at $37.63 on Friday. The Kraft Heinz Company has a fifty-two week low of $32.73 and a fifty-two week high of $44.87. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.47 and a current ratio of 0.87. The company has a market capitalization of $46.10 billion, a P/E ratio of 19.70, a P/E/G ratio of 3.45 and a beta of 0.70. The company has a fifty day moving average of $39.78 and a 200 day moving average of $38.31.

Kraft Heinz (NASDAQ:KHC – Get Rating) last released its earnings results on Wednesday, February 15th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. Kraft Heinz had a return on equity of 7.03% and a net margin of 8.92%. The firm had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $7.23 billion. During the same quarter last year, the business posted $0.79 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 2.72 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, March 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.25%. Kraft Heinz’s dividend payout ratio is 83.77%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Melissa Werneck sold 3,500 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $42.39, for a total value of $148,365.00. Following the sale, the executive vice president now owns 266,583 shares in the company, valued at approximately $11,300,453.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Kraft Heinz news, EVP Melissa Werneck sold 3,500 shares of Kraft Heinz stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $42.39, for a total value of $148,365.00. Following the sale, the executive vice president now owns 266,583 shares of the company’s stock, valued at approximately $11,300,453.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Flavio Torres sold 250,571 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $39.58, for a total value of $9,917,600.18. Following the transaction, the executive vice president now owns 188,983 shares of the company’s stock, valued at $7,479,947.14. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price target on Kraft Heinz from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 17th. Credit Suisse Group restated an “underperform” rating and set a $38.00 price target (up from $36.00) on shares of Kraft Heinz in a research note on Thursday, February 16th. StockNews.com initiated coverage on shares of Kraft Heinz in a report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kraft Heinz from $47.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 6th. Finally, Mizuho lifted their price target on shares of Kraft Heinz from $48.00 to $50.00 in a research note on Friday, January 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.92.

Kraft Heinz Company Profile

(Get Rating)

The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.