First Horizon Advisors Inc. Sells 17,526 Shares of The Kraft Heinz Company (NASDAQ:KHC)

First Horizon Advisors Inc. lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,825 shares of the company’s stock after selling 17,526 shares during the period. First Horizon Advisors Inc.’s holdings in Kraft Heinz were worth $13,722,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Fortitude Family Office LLC boosted its stake in Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the 3rd quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz during the 3rd quarter valued at $33,000. Finally, Larson Financial Group LLC lifted its stake 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 purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

KHC has been the subject of a number of analyst reports. Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. Stifel Nicolaus lowered their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. StockNews.com lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Mizuho downgraded shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Three equities 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, the company has an average rating of “Hold” and an average price target of $30.86.

Kraft Heinz Price Performance

KHC stock opened at $31.13 on Friday. The stock has a market cap of $37.20 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. The stock has a 50-day moving average price of $29.73 and a two-hundred day moving average price of $32.54. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that The Kraft Heinz Company will post 2.68 EPS 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. Stockholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is presently 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.