Cambridge Investment Research Advisors Inc. Has $11.26 Million Position in Kraft Heinz Company (NASDAQ:KHC)

Cambridge Investment Research Advisors Inc. cut its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 369,865 shares of the company's stock after selling 61,628 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Kraft Heinz were worth $11,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KHC. Vanguard Group Inc. raised its holdings in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the period. Geode Capital Management LLC increased its position in shares of Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after acquiring an additional 595,406 shares in the last quarter. Norges Bank acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $324,857,000. Northern Trust Corp raised its holdings in shares of Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock worth $285,286,000 after acquiring an additional 1,039,885 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kraft Heinz by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock valued at $263,650,000 after acquiring an additional 1,628,516 shares in the last quarter. 78.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus lowered their target price on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Wednesday. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research note on Friday, May 9th. Finally, Citigroup reaffirmed a "sell" rating and set a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.47.

Kraft Heinz Stock Down 1.2%

KHC traded down $0.30 during trading on Wednesday, reaching $25.73. 17,538,555 shares of the stock were exchanged, compared to its average volume of 11,228,210. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. The stock's 50 day moving average price is $27.52 and its two-hundred day moving average price is $29.13. Kraft Heinz Company has a twelve month low of $25.53 and a twelve month high of $36.53. The stock has a market cap of $30.45 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 3.03 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. Kraft Heinz's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.22%. Kraft Heinz's dividend payout ratio is 73.06%.

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.