International Assets Investment Management LLC Lowers Holdings in Kraft Heinz Company (NASDAQ:KHC)

International Assets Investment Management LLC cut its position in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 53.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,215 shares of the company's stock after selling 13,984 shares during the quarter. International Assets Investment Management LLC's holdings in Kraft Heinz were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of Kraft Heinz during the 4th quarter valued at $2,048,000. Versant Capital Management Inc raised its position in Kraft Heinz by 493.4% in the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock worth $376,000 after purchasing an additional 10,272 shares during the period. Farther Finance Advisors LLC raised its position in Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock worth $671,000 after purchasing an additional 8,144 shares during the period. Park Avenue Securities LLC raised its position in Kraft Heinz by 35.4% in the 1st quarter. Park Avenue Securities LLC now owns 26,041 shares of the company's stock worth $792,000 after purchasing an additional 6,815 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Kraft Heinz in the 4th quarter worth $39,339,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.2%

Shares of KHC stock opened at $25.79 on Friday. The company has a market capitalization of $30.52 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 3.01 and a beta of 0.27. Kraft Heinz Company has a one year low of $25.53 and a one year high of $36.53. The company's fifty day moving average price is $27.38 and its 200-day moving average price is $29.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. Sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.20%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KHC shares. DZ Bank lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a report on Friday, May 9th. Citigroup reissued a "sell" rating and issued a $27.00 price target (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the stock from $25.00 to $27.00 in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.47.

Kraft Heinz Company 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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