Keybank National Association OH Sells 10,299 Shares of Kraft Heinz Company (NASDAQ:KHC)

Keybank National Association OH reduced its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,636 shares of the company's stock after selling 10,299 shares during the period. Keybank National Association OH's holdings in Kraft Heinz were worth $3,549,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz in the fourth quarter worth $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Kraft Heinz in the fourth quarter worth $29,000. Rossby Financial LCC purchased a new stake in shares of Kraft Heinz in the first quarter worth $29,000. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the fourth quarter worth $36,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of Kraft Heinz in the fourth quarter worth $38,000. 78.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of recent analyst reports. Morgan Stanley initiated coverage on Kraft Heinz in a research report on Monday, March 24th. They issued an "underweight" rating and a $29.00 price objective on the stock. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Mizuho set a $29.00 price objective on Kraft Heinz and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Three analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $30.47.

Kraft Heinz Trading Down 1.6%

NASDAQ KHC opened at $26.63 on Friday. The stock's 50-day simple moving average is $27.03 and its two-hundred day simple moving average is $28.90. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.16 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released 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. The firm had revenue of $6 billion for 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 company's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.01%. Kraft Heinz's dividend payout ratio is currently 73.06%.

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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