Edgar Lomax Co. VA Trims Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Edgar Lomax Co. VA reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 703,830 shares of the company's stock after selling 16,680 shares during the quarter. Kraft Heinz accounts for about 1.4% of Edgar Lomax Co. VA's holdings, making the stock its 28th biggest holding. Edgar Lomax Co. VA owned approximately 0.06% of Kraft Heinz worth $21,615,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KHC. New York Life Investment Management LLC boosted its stake in shares of Kraft Heinz by 0.3% during 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 purchasing an additional 361 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in 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 buying an additional 366 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Kraft Heinz by 1.0% during 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 during the last quarter. Winch Advisory Services LLC raised its position 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 purchasing an additional 380 shares during the last quarter. Finally, Cohen Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 487 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KHC has been the topic of a number of research analyst reports. Piper Sandler cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Citigroup reaffirmed a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Sanford C. Bernstein downgraded Kraft Heinz from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $34.00 to $31.00 in a research note on Tuesday. 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 note on Monday, February 10th. Finally, Cfra Research lowered Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $30.69.

Kraft Heinz Stock Performance

KHC stock traded down $0.47 during mid-day trading on Thursday, hitting $29.62. The company had a trading volume of 4,555,874 shares, compared to its average volume of 9,049,557. 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 firm has a market cap of $35.35 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The stock's fifty day moving average price is $30.05 and its two-hundred day moving average price is $30.99.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.58% and a net margin of 10.62%. On average, analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 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.