BI Asset Management Fondsmaeglerselskab A S Sells 23,680 Shares of The Kraft Heinz Company (NASDAQ:KHC)

BI Asset Management Fondsmaeglerselskab A S lowered its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,868 shares of the company's stock after selling 23,680 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Kraft Heinz were worth $1,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock worth $10,530,000 after purchasing an additional 238,913 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $2,048,000. Nordea Investment Management AB boosted its holdings in shares of Kraft Heinz by 16.3% during the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. FLC Capital Advisors grew its stake in Kraft Heinz by 121.0% in the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock valued at $573,000 after buying an additional 10,214 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Kraft Heinz by 511.7% in the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after acquiring an additional 35,725 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

NASDAQ KHC traded down $0.37 during trading on Monday, reaching $29.12. 4,533,641 shares of the company traded hands, compared to its average volume of 9,075,907. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The stock's 50 day moving average price is $30.07 and its two-hundred day moving average price is $30.87. The company has a market cap of $34.75 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KHC. TD Cowen lowered their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, January 8th. Mizuho downgraded Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.69.

Kraft Heinz 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.