Citizens National Bank Trust Department Lowers Position in The Kraft Heinz Company (NASDAQ:KHC)

Citizens National Bank Trust Department lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 34.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,457 shares of the company’s stock after selling 6,460 shares during the quarter. Citizens National Bank Trust Department’s holdings in Kraft Heinz were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of KHC. AMF Tjanstepension AB raised its stake in Kraft Heinz by 143.4% during the third quarter. AMF Tjanstepension AB now owns 245,522 shares of the company’s stock valued at $8,620,000 after purchasing an additional 144,646 shares in the last quarter. Blue Trust Inc. raised its stake in Kraft Heinz by 157.8% during the third quarter. Blue Trust Inc. now owns 9,395 shares of the company’s stock valued at $303,000 after purchasing an additional 5,750 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Kraft Heinz by 109.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,114,970 shares of the company’s stock valued at $39,147,000 after purchasing an additional 582,219 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Kraft Heinz by 10.8% during the third quarter. Venture Visionary Partners LLC now owns 15,181 shares of the company’s stock valued at $533,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Oakworth Capital Inc. raised its stake in Kraft Heinz by 372.0% during the third quarter. Oakworth Capital Inc. now owns 1,501 shares of the company’s stock valued at $53,000 after purchasing an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.6 %

KHC stock opened at $29.79 on Thursday. The company has a market capitalization of $35.60 billion, a PE ratio of 13.18, a P/E/G ratio of 3.29 and a beta of 0.47. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The firm’s 50-day moving average is $29.77 and its 200 day moving average is $32.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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%. On average, research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 70.80%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KHC shares. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price target for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Piper Sandler cut their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Barclays cut their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Company 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.