Torray Investment Partners LLC Decreases Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Torray Investment Partners LLC trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,579 shares of the company's stock after selling 43,636 shares during the quarter. Torray Investment Partners LLC's holdings in Kraft Heinz were worth $8,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Kraft Heinz by 85.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 89,244 shares of the company's stock valued at $3,300,000 after buying an additional 41,058 shares during the period. Vise Technologies Inc. acquired a new position in Kraft Heinz in the 4th quarter worth about $266,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Kraft Heinz by 6.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 903,763 shares of the company's stock worth $34,415,000 after purchasing an additional 57,802 shares in the last quarter. Westpac Banking Corp lifted its holdings in shares of Kraft Heinz by 3.4% during the 4th quarter. Westpac Banking Corp now owns 37,072 shares of the company's stock valued at $1,371,000 after buying an additional 1,225 shares during the last quarter. Finally, TI Trust Inc. bought a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $215,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Insider Buying and Selling

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the company's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $35.95, for a total value of $364,533.00. Following the transaction, the insider now directly owns 158,266 shares of the company's stock, valued at approximately $5,689,662.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by insiders.

Kraft Heinz Stock Down 0.8 %

NASDAQ:KHC traded down $0.30 during trading hours on Tuesday, reaching $36.19. 6,139,117 shares of the stock were exchanged, compared to its average volume of 8,069,262. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.09 and a quick ratio of 0.61. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $40.81. The stock has a market cap of $43.95 billion, a PE ratio of 15.84, a PEG ratio of 2.91 and a beta of 0.65. The firm has a 50 day moving average of $36.41 and a 200 day moving average of $36.00.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the prior year, the business posted $0.68 EPS. The company's quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.42%. Kraft Heinz's dividend payout ratio is 69.87%.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating for the company in a research report on Thursday, February 15th. Citigroup initiated coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a "buy" rating and a $43.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Finally, Bank of America upped their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $39.50.

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.

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