Transcend Capital Advisors LLC Sells 14,245 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Transcend Capital Advisors LLC cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 58.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,249 shares of the company’s stock after selling 14,245 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Kraft Heinz were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. State Street Corp grew its stake in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after purchasing an additional 6,366,732 shares during the last quarter. Geode Capital Management LLC boosted its position in Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after acquiring an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Kraft Heinz during the 3rd quarter valued at approximately $411,304,000. Nordea Investment Management AB boosted its position in Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after acquiring an additional 1,238,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after acquiring an additional 545,504 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $31.13 on Monday. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The firm has a market cap of $37.20 billion, a P/E ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47. The company has a 50 day moving average of $29.73 and a 200 day moving average of $32.53. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

Wall Street Analyst Weigh In

Several analysts have weighed in on KHC shares. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price objective for the company from $36.00 to $30.00 in a research report on Thursday, February 13th. Stifel Nicolaus cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Finally, Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Three analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.86.

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.