Concurrent Investment Advisors LLC Has $489,000 Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Concurrent Investment Advisors LLC trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 68.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,927 shares of the company’s stock after selling 34,817 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Kraft Heinz were worth $489,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC grew its holdings in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after acquiring an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in Kraft Heinz by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after acquiring an additional 381 shares during the last quarter. Smith Thornton Advisors LLC grew its holdings in Kraft Heinz by 2.1% during the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after acquiring an additional 435 shares during the last quarter. Cohen Investment Advisors LLC grew its holdings in Kraft Heinz by 5.0% during the 4th quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock worth $315,000 after acquiring an additional 487 shares during the last quarter. Finally, LMG Wealth Partners LLC grew its holdings in Kraft Heinz by 1.4% during the 4th quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after acquiring an additional 498 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.7 %

Kraft Heinz stock opened at $31.36 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The firm’s fifty day moving average is $29.74 and its 200 day moving average is $32.50. The company has a market capitalization of $37.47 billion, a PE ratio of 13.88, a PEG ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.10%. Kraft Heinz’s payout ratio is 70.80%.

Wall Street Analyst Weigh In

KHC has been the topic of a number of research reports. TD Cowen reduced their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. UBS Group reduced their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and a consensus 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.