Coldstream Capital Management Inc. Has $555,000 Holdings in Kraft Heinz Company $KHC

Coldstream Capital Management Inc. cut its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 8.6% during the 2nd quarter, Holdings Channel reports. The firm owned 21,491 shares of the company’s stock after selling 2,023 shares during the period. Coldstream Capital Management Inc.’s holdings in Kraft Heinz were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KHC. STF Management LP raised its holdings in Kraft Heinz by 2.1% in the 2nd quarter. STF Management LP now owns 18,475 shares of the company’s stock valued at $477,000 after acquiring an additional 374 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of Kraft Heinz by 2.7% in the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after purchasing an additional 393 shares during the period. Rathbones Group PLC raised its stake in Kraft Heinz by 0.8% in the first quarter. Rathbones Group PLC now owns 56,798 shares of the company’s stock valued at $1,728,000 after purchasing an additional 442 shares in the last quarter. Bill Few Associates Inc. lifted its position in Kraft Heinz by 0.6% during the second quarter. Bill Few Associates Inc. now owns 88,026 shares of the company’s stock worth $2,273,000 after purchasing an additional 516 shares during the period. Finally, Sittner & Nelson LLC grew its stake in Kraft Heinz by 11.0% during the second quarter. Sittner & Nelson LLC now owns 5,550 shares of the company’s stock worth $143,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.6%

NASDAQ KHC opened at $25.60 on Thursday. The company has a market cap of $30.30 billion, a price-to-earnings ratio of -6.86, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a twelve month low of $23.70 and a twelve month high of $33.35. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $25.28 and its 200 day moving average is $26.42.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%.The firm had revenue of $6.39 billion during the quarter. As a group, sell-side analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 28th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio (DPR) is currently -42.90%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Evercore ISI reduced their target price on Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. UBS Group dropped their price objective on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Piper Sandler reduced their price objective on Kraft Heinz from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus price target of $26.58.

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.