Cetera Investment Advisers Sells 16,928 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Cetera Investment Advisers trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 374,802 shares of the company's stock after selling 16,928 shares during the period. Cetera Investment Advisers' holdings in Kraft Heinz were worth $11,510,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at $29,000. R Squared Ltd bought a new stake in shares of Kraft Heinz in the 4th quarter worth about $34,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $36,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Down 1.4 %

Shares of NASDAQ:KHC opened at $28.08 on Friday. The company has a 50 day moving average price of $29.61 and a two-hundred day moving average price of $30.41. 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 company has a market capitalization of $33.23 billion, a PE ratio of 12.42, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $36.70.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the business posted $0.69 EPS. The firm's revenue was down 6.4% compared to the same quarter last year. Analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.70%. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KHC. Citigroup reaffirmed a "sell" rating and set a $27.00 price objective (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. UBS Group cut their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. StockNews.com upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. cut their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $30.65.

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.

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