Mackenzie Financial Corp Sells 251,104 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Mackenzie Financial Corp lowered its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 797,020 shares of the company's stock after selling 251,104 shares during the period. Mackenzie Financial Corp owned about 0.06% of Kraft Heinz worth $29,474,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KHC. OFI Invest Asset Management acquired a new position in shares of Kraft Heinz during the third quarter valued at approximately $26,000. Ancora Advisors LLC grew its stake in Kraft Heinz by 69.9% during the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company's stock valued at $26,000 after acquiring an additional 272 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Kraft Heinz during the third quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth approximately $32,000. Finally, BKM Wealth Management LLC acquired a new position in shares of Kraft Heinz during the fourth quarter worth approximately $33,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Up 0.6 %

Shares of NASDAQ:KHC traded up $0.21 during mid-day trading on Thursday, reaching $37.11. 6,769,527 shares of the stock were exchanged, compared to its average volume of 8,125,687. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The company has a market cap of $45.11 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.89 and a beta of 0.67. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $41.47. The stock's 50 day simple moving average is $35.86 and its 200-day simple moving average is $35.34.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. Kraft Heinz's quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. As a group, equities research analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.31%. Kraft Heinz's dividend payout ratio is 69.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KHC. Citigroup began coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a "buy" rating and a $43.00 target price for the company. Bank of America upped their target price on Kraft Heinz from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company cut their target price on Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $40.57.

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.