The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,079 shares of the company's stock after selling 30,203 shares during the period. Rockefeller Capital Management L.P.'s holdings in Kraft Heinz were worth $1,631,000 at the end of the most recent reporting period.

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

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded down $0.15 during mid-day trading on Friday, hitting $29.50. The company had a trading volume of 2,887,573 shares, compared to its average volume of 9,047,068. The firm's 50 day simple moving average is $30.06 and its two-hundred day simple moving average is $30.96. The stock has a market cap of $35.20 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.42%. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. StockNews.com upgraded shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. The Goldman Sachs Group decreased their price target on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four 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, the company presently has an average rating of "Hold" and an average price target of $30.69.

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.