The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 38.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,800 shares of the company's stock after selling 31,600 shares during the period. Intact Investment Management Inc.'s holdings in Kraft Heinz were worth $1,842,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Kraft Heinz during the 3rd quarter worth about $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $32,000. BKM Wealth Management LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $33,000. Headinvest LLC purchased a new stake in Kraft Heinz during the 3rd quarter valued at about $38,000. Finally, VisionPoint Advisory Group LLC grew its stake in Kraft Heinz by 326.1% during the 3rd 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. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on KHC shares. Bank of America upped their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, April 15th. Wells Fargo & Company dropped their price objective on shares of 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. 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kraft Heinz has a consensus rating of "Hold" and an average target price of $40.57.

Kraft Heinz Trading Down 0.5 %

Shares of NASDAQ:KHC traded down $0.21 during mid-day trading on Friday, reaching $38.16. 5,342,375 shares of the company were exchanged, compared to its average volume of 6,515,615. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 3.01 and a beta of 0.67. The firm's 50-day simple moving average is $36.20 and its 200 day simple moving average is $35.61. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47.

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 for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion during the quarter, compared to analysts' expectations of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The firm's quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Equities research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.40 per share. 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 4.19%. Kraft Heinz's dividend payout ratio (DPR) is presently 69.26%.

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.