The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,702,291 shares of the company’s stock after selling 65,782 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of Kraft Heinz worth $62,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KHC. FSC Wealth Advisors LLC boosted its holdings in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after buying an additional 270 shares in the last quarter. Archer Investment Corp increased its stake in Kraft Heinz by 2.0% in the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after purchasing an additional 294 shares in the last quarter. Ingalls & Snyder LLC boosted its position in Kraft Heinz by 3.1% during the fourth quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after purchasing an additional 300 shares in the last quarter. Econ Financial Services Corp grew its holdings in Kraft Heinz by 0.6% in the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock valued at $1,793,000 after purchasing an additional 310 shares during the last quarter. Finally, Kennedy Investment Group increased its position in shares of Kraft Heinz by 1.1% in the fourth quarter. Kennedy Investment Group now owns 29,199 shares of the company’s stock valued at $1,080,000 after buying an additional 319 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.0 %

Shares of KHC opened at $36.35 on Friday. The stock’s fifty day simple moving average is $36.35 and its 200 day simple moving average is $35.75. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.44. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $44.14 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.89 and a beta of 0.65.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KHC shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Wells Fargo & Company reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Finally, Bank of America lifted their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.50.

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.