Sigma Planning Corp Has $499,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Sigma Planning Corp trimmed its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,481 shares of the company's stock after selling 20,320 shares during the quarter. Sigma Planning Corp's holdings in Kraft Heinz were worth $499,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Kraft Heinz during the third quarter worth $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $32,000. BKM Wealth Management LLC purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $33,000. Headinvest LLC purchased a new stake in shares of Kraft Heinz in the third quarter valued at $38,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company's stock valued at $41,000 after acquiring an additional 936 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.5 %

NASDAQ:KHC traded down $0.21 on Friday, hitting $38.16. 5,342,346 shares of the stock were exchanged, compared to its average volume of 8,032,559. The stock has a market cap of $46.39 billion, a PE ratio of 16.61, a PEG ratio of 3.04 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $36.14 and a 200-day moving average of $35.55. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47.

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

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz's payout ratio is 69.26%.

Analysts Set New Price Targets

Several analysts have recently issued reports on KHC shares. Wells Fargo & Company reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Bank of America raised their price target on Kraft Heinz from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Finally, Citigroup started coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They set a "buy" rating and a $43.00 price objective for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and a consensus price target of $40.57.

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.