The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich reduced its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,117 shares of the company’s stock after selling 3,940 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Kraft Heinz were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KHC. New York Life Investment Management LLC boosted its stake in Kraft Heinz by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock worth $3,995,000 after buying an additional 361 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Kraft Heinz by 5.3% during the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after acquiring an additional 366 shares during the last quarter. Winch Advisory Services LLC lifted its holdings in shares of 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 period. Pinnacle Financial Partners Inc boosted its position in shares of Kraft Heinz by 4.2% in the third 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. Finally, Cohen Investment Advisors LLC grew its holdings in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $32.22 on Tuesday. 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 $38.50 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 3.39 and a beta of 0.40. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $29.88 and a 200 day simple moving average of $32.24.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, beating 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%. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.80%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. The Goldman Sachs Group decreased their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a report on Thursday, February 13th. Finally, Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.