Capital International Investors Trims Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital International Investors lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,804,086 shares of the company's stock after selling 13,159 shares during the period. Capital International Investors owned about 0.98% of Kraft Heinz worth $362,503,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. New York Life Investment Management LLC boosted its holdings in Kraft Heinz by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock valued at $3,995,000 after acquiring an additional 361 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings 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 worth $223,000 after acquiring an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Kraft Heinz by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after acquiring an additional 370 shares in the last quarter. Winch Advisory Services LLC boosted its position in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after purchasing an additional 380 shares in the last quarter. Finally, Cohen Investment Advisors LLC grew its stake in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock worth $315,000 after purchasing an additional 487 shares during the period. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KHC has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Barclays dropped their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Evercore ISI reaffirmed an "in-line" rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Mizuho cut 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. Finally, UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of "Hold" and an average target price of $30.69.

Kraft Heinz Stock Performance

Shares of KHC traded down $0.59 during trading hours on Thursday, hitting $29.51. The stock had a trading volume of 3,996,971 shares, compared to its average volume of 9,047,100. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The stock has a fifty day moving average price of $30.05 and a 200 day moving average price of $30.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market capitalization of $35.21 billion, a PE ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 5.42%. The ex-dividend date was Friday, March 7th. Kraft Heinz's payout ratio is 70.80%.

About Kraft Heinz

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.