Kintegral Advisory LLC Sells 10,127 Shares of Kraft Heinz Company (NASDAQ:KHC)

Kintegral Advisory LLC lowered its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,651 shares of the company's stock after selling 10,127 shares during the period. Kintegral Advisory LLC's holdings in Kraft Heinz were worth $628,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KHC. Vanguard Group Inc. boosted its position in Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares in the last quarter. Geode Capital Management LLC boosted its position in Kraft Heinz by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock valued at $604,644,000 after acquiring an additional 595,406 shares in the last quarter. Norges Bank purchased a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $324,857,000. Northern Trust Corp grew its stake in shares of Kraft Heinz by 12.6% in the 4th quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock worth $285,286,000 after buying an additional 1,039,885 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 worth $263,650,000 after buying an additional 1,628,516 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KHC shares. Sanford C. Bernstein downgraded 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 research note on Tuesday, April 22nd. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Citigroup reiterated a "sell" rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research note on Friday, April 4th. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, Morgan Stanley assumed coverage on Kraft Heinz in a research note on Monday, March 24th. They set an "underweight" rating and a $29.00 target price on the stock. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $30.47.

Kraft Heinz Price Performance

NASDAQ KHC traded down $0.43 during trading hours on Friday, reaching $26.63. The company's stock had a trading volume of 9,176,852 shares, compared to its average volume of 10,080,449. The firm's 50-day moving average price is $26.97 and its 200-day moving average price is $28.85. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. Kraft Heinz Company has a 1 year low of $25.44 and a 1 year high of $36.53. The company has a market capitalization of $31.52 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 3.12 and a beta of 0.25.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were issued a dividend of $0.40 per share. 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 (DPR) 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.