The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,973 shares of the company’s stock after selling 8,984 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Kraft Heinz were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KHC. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz in the 4th quarter valued at about $25,000. Fortitude Family Office LLC raised its holdings in Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the 3rd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in Kraft Heinz in the 3rd quarter worth about $33,000. Finally, Larson Financial Group LLC raised its holdings in Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KHC shares. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday. UBS Group reduced their price target on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. TD Cowen cut their price objective 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. Finally, Piper Sandler cut their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Price Performance

KHC stock opened at $28.92 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The business has a 50 day simple moving average of $29.90 and a 200-day simple moving average of $32.73. The firm has a market capitalization of $34.97 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Equities research analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.53%. Kraft Heinz’s payout ratio is 144.14%.

About Kraft Heinz

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.