Nisa Investment Advisors LLC Sells 85,884 Shares of Kraft Heinz Company (NASDAQ:KHC)

Nisa Investment Advisors LLC lessened its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 43.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,222 shares of the company's stock after selling 85,884 shares during the quarter. Nisa Investment Advisors LLC's holdings in Kraft Heinz were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Klingenstein Fields & Co. LP grew its stake in Kraft Heinz by 4.6% in the first quarter. Klingenstein Fields & Co. LP now owns 7,867 shares of the company's stock worth $239,000 after purchasing an additional 344 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in Kraft Heinz by 1.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 35,735 shares of the company's stock worth $1,097,000 after purchasing an additional 370 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its stake in Kraft Heinz by 4.0% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,009 shares of the company's stock worth $307,000 after purchasing an additional 386 shares during the period. Johnson Investment Counsel Inc. grew its stake in Kraft Heinz by 1.6% in the first quarter. Johnson Investment Counsel Inc. now owns 25,596 shares of the company's stock worth $779,000 after purchasing an additional 397 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in Kraft Heinz by 0.6% in the first quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock worth $2,101,000 after purchasing an additional 397 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded up $0.32 during trading on Monday, hitting $27.46. 9,162,449 shares of the company's stock traded hands, compared to its average volume of 10,377,063. 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 Company has a 1 year low of $25.44 and a 1 year high of $36.53. The stock has a market capitalization of $32.49 billion, a P/E ratio of 12.53, a PEG ratio of 3.17 and a beta of 0.25. The business has a 50-day simple moving average of $26.74 and a 200-day simple moving average of $28.70.

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, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the firm posted $0.69 earnings per share. Kraft Heinz's revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio is 73.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KHC. DZ Bank cut Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their target price on Kraft Heinz from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Three analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and an average price target of $30.41.

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.