Capital Group Private Client Services Inc. Reduces Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Capital Group Private Client Services Inc. decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 96.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,221 shares of the company's stock after selling 220,157 shares during the period. Capital Group Private Client Services Inc.'s holdings in Kraft Heinz were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz during the 4th quarter valued at approximately $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in Kraft Heinz in the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $34,000. Finally, OFI Invest Asset Management purchased a new stake in Kraft Heinz in the fourth quarter worth $36,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock traded down $0.19 during trading on Friday, hitting $29.46. 3,680,168 shares of the company's stock traded hands, compared to its average volume of 9,050,081. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The business has a 50-day simple moving average of $30.06 and a 200-day simple moving average of $30.96. 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 stock has a market capitalization of $35.15 billion, a P/E ratio of 13.04, a PEG ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid 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 dividend yield of 5.43%. Kraft Heinz's dividend payout ratio (DPR) is currently 70.80%.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Kraft Heinz in a research report on Monday, March 24th. They set an "underweight" rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Finally, Piper Sandler reduced their price target on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $30.69.

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.