Kintegral Advisory LLC Cuts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Kintegral Advisory LLC cut its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,778 shares of the company’s stock after selling 1,434 shares during the quarter. Kintegral Advisory LLC’s holdings in Kraft Heinz were worth $945,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in Kraft Heinz during the third quarter worth about $411,304,000. State Street Corp grew its position in shares of Kraft Heinz by 16.7% during the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after acquiring an additional 6,366,732 shares during the period. Geode Capital Management LLC increased its stake in shares of Kraft Heinz by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after purchasing an additional 1,944,019 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after purchasing an additional 1,238,200 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Kraft Heinz by 1,139.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock worth $39,112,000 after purchasing an additional 1,170,814 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $31.13 on Friday. The firm’s 50 day simple moving average is $29.73 and its 200 day simple moving average is $32.54. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The firm has a market capitalization 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.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KHC shares. The Goldman Sachs Group decreased their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. UBS Group decreased their price objective on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Piper Sandler cut their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their price target for the company from $34.00 to $28.00 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.86.

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.