The Kraft Heinz Company (NASDAQ:KHC) Stake Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,271 shares of the company's stock after selling 69,455 shares during the quarter. Gamco Investors INC. ET AL's holdings in Kraft Heinz were worth $7,041,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Jump Financial LLC boosted its holdings in Kraft Heinz by 194.0% during the fourth quarter. Jump Financial LLC now owns 152,984 shares of the company's stock worth $4,698,000 after buying an additional 100,954 shares in the last quarter. Anchor Investment Management LLC boosted its stake in shares of Kraft Heinz by 57.3% during the 4th quarter. Anchor Investment Management LLC now owns 2,031 shares of the company's stock worth $62,000 after acquiring an additional 740 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $263,000. Canada Post Corp Registered Pension Plan purchased a new stake in Kraft Heinz during the fourth quarter worth $360,000. Finally, XTX Topco Ltd acquired a new position in shares of Kraft Heinz during the 4th quarter worth $1,252,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KHC shares. Evercore ISI reaffirmed an "in-line" rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Mizuho lowered shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Citigroup reissued 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. Piper Sandler cut their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.69.

Kraft Heinz Stock Up 1.3 %

Shares of NASDAQ:KHC traded up $0.38 during midday trading on Tuesday, hitting $30.32. 2,411,948 shares of the company's stock traded hands, compared to its average volume of 10,789,188. The Kraft Heinz Company has a twelve month low of $27.25 and a twelve month high of $38.96. The company has a market cap of $36.18 billion, a PE ratio of 13.41, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The firm's fifty day moving average price is $30.01 and its two-hundred day moving average price is $31.01.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities research analysts anticipate that The 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, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.28%. Kraft Heinz's payout ratio is currently 70.80%.

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.