Vontobel Holding Ltd. Sells 79,796 Shares of Kraft Heinz Company (NASDAQ:KHC)

Vontobel Holding Ltd. cut its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 18.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,306 shares of the company's stock after selling 79,796 shares during the quarter. Vontobel Holding Ltd.'s holdings in Kraft Heinz were worth $10,812,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of 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 buying an additional 370 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its position in Kraft Heinz by 4.0% in the 4th 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 in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Kraft Heinz by 1.6% during the 1st 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. Oppenheimer & Co. Inc. increased its holdings in shares of Kraft Heinz by 0.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 69,058 shares of the company's stock valued at $2,101,000 after purchasing an additional 397 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Kraft Heinz by 3.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 13,902 shares of the company's stock valued at $427,000 after purchasing an additional 408 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Down 1.6%

Shares of NASDAQ:KHC traded down $0.43 during mid-day trading on Thursday, reaching $26.63. 9,176,852 shares of the stock were exchanged, compared to its average volume of 10,036,006. The stock's 50 day simple moving average is $27.09 and its 200-day simple moving average is $28.93. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The company has a market cap of $31.52 billion, a P/E ratio of 12.16, a P/E/G ratio of 3.11 and a beta of 0.25. 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 (NASDAQ:KHC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion for the quarter, compared to analyst estimates 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 was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 EPS. As a group, equities research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date was Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analysts Set New Price Targets

KHC has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a research note on Wednesday, March 12th. 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. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, June 25th. Three research analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.47.

About Kraft Heinz

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.