The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,481 shares of the company’s stock after selling 2,686 shares during the period. Atria Wealth Solutions Inc.’s holdings in Kraft Heinz were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Raymond James Trust N.A. lifted its holdings in Kraft Heinz by 11.0% in the fourth quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock valued at $1,465,000 after acquiring an additional 3,916 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Kraft Heinz in the third quarter valued at $5,399,000. Cutter & CO Brokerage Inc. lifted its holdings in Kraft Heinz by 6.6% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 13,857 shares of the company’s stock valued at $512,000 after acquiring an additional 864 shares during the period. Victory Capital Management Inc. lifted its holdings in Kraft Heinz by 16.3% in the third quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock valued at $59,478,000 after acquiring an additional 247,896 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Kraft Heinz by 42.5% in the fourth quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock valued at $16,934,000 after acquiring an additional 136,556 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 0.5 %

KHC opened at $38.16 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The stock has a market capitalization of $46.39 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The business has a 50-day moving average of $36.20 and a two-hundred day moving average of $35.61. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. On average, research analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.19%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

Analysts Set New Price Targets

A number of research firms have commented on KHC. Deutsche Bank Aktiengesellschaft raised their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Bank of America lifted their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Citigroup assumed coverage on Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Finally, Wells Fargo & Company cut their price target 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.57.

Kraft Heinz Company 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.