TD Waterhouse Canada Inc. Cuts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

TD Waterhouse Canada Inc. lessened its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 77.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,666 shares of the company's stock after selling 16,054 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Kraft Heinz were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of KHC. Vanguard Group Inc. boosted its holdings in shares of Kraft Heinz by 19.9% during the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the last quarter. Norges Bank bought a new position in Kraft Heinz during the fourth quarter valued at $324,857,000. Thompson Siegel & Walmsley LLC boosted its position in shares of Kraft Heinz by 96.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after buying an additional 1,403,220 shares during the period. Raymond James Financial Inc. bought a new position in Kraft Heinz in the 4th quarter valued at $39,339,000. Finally, Nordea Investment Management AB increased its stake in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after buying an additional 1,238,200 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

KHC stock traded up $0.23 during mid-day trading on Wednesday, reaching $29.10. The company's stock had a trading volume of 8,551,736 shares, compared to its average volume of 9,155,406. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company's 50 day moving average is $30.02 and its two-hundred day moving average is $30.81. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.72. The stock has a market cap of $34.73 billion, a PE ratio of 12.88, a P/E/G ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.50%. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the topic of several research reports. TD Cowen cut their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their target price on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a report on Wednesday, January 29th. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Bank of America downgraded Kraft Heinz from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $30.63.

Kraft Heinz Company 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.