Aviso Wealth Management Sells 14,021 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Aviso Wealth Management lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,376 shares of the company’s stock after selling 14,021 shares during the period. Aviso Wealth Management’s holdings in Kraft Heinz were worth $1,608,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new position in Kraft Heinz in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new position in Kraft Heinz during the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Kraft Heinz during the 4th quarter worth about $29,000. Larson Financial Group LLC raised its position in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock valued at $34,000 after acquiring an additional 636 shares during the period. Finally, R Squared Ltd bought a new stake in Kraft Heinz in the fourth quarter valued at approximately $34,000. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KHC. Morgan Stanley assumed coverage on shares of Kraft Heinz in a report on Monday. They issued an “underweight” rating and a $29.00 price target for the company. Evercore ISI reissued an “in-line” rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. TD Cowen dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group dropped their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.73.

Kraft Heinz Stock Down 0.1 %

Kraft Heinz stock opened at $29.10 on Wednesday. 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 company’s 50-day moving average is $29.93 and its 200-day moving average is $31.80. The firm has a market capitalization of $34.77 billion, a PE ratio of 12.88, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data 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 7.58% and a net margin of 10.62%. Sell-side analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.50%. Kraft Heinz’s dividend payout ratio is currently 70.80%.

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.