The Kraft Heinz Company (NASDAQ:KHC) Holdings Decreased by Lido Advisors LLC

Lido Advisors LLC cut its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 30.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,900 shares of the company's stock after selling 11,150 shares during the quarter. Lido Advisors LLC's holdings in Kraft Heinz were worth $765,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in shares of Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock valued at $285,286,000 after purchasing an additional 1,039,885 shares during the last quarter. III Capital Management grew its stake in Kraft Heinz by 100.0% during the 4th quarter. III Capital Management now owns 41,830 shares of the company's stock worth $1,285,000 after buying an additional 20,915 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in Kraft Heinz by 0.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 283,217 shares of the company's stock worth $8,698,000 after buying an additional 1,331 shares during the period. Criteria Caixa S.A.U. bought a new stake in Kraft Heinz in the fourth quarter valued at $73,316,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Kraft Heinz during the fourth quarter valued at $761,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $28.64 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market capitalization of $33.90 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The stock has a fifty day moving average of $29.86 and a 200-day moving average of $30.67. The Kraft Heinz Company has a one year low of $27.25 and a one year high of $36.70.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Kraft Heinz's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently declared 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 of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 5.59%. Kraft Heinz's dividend payout ratio (DPR) is presently 73.06%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $34.00 to $31.00 in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, TD Cowen decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.63.

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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