Smithfield Trust Co Decreases Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Smithfield Trust Co trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,477 shares of the company’s stock after selling 941 shares during the quarter. Smithfield Trust Co’s holdings in Kraft Heinz were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KHC. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Kraft Heinz in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in Kraft Heinz in the 3rd quarter valued at about $33,000. Larson Financial Group LLC raised its stake in 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 4th quarter valued at about $34,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KHC. Evercore ISI restated an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Citigroup cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. TD Cowen cut their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Stock Up 0.0 %

Shares of NASDAQ KHC opened at $30.99 on Thursday. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month 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. The firm has a market capitalization of $37.03 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 3.39 and a beta of 0.40. The business has a 50-day moving average of $29.80 and a 200-day moving average of $32.34.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping the consensus estimate 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 expect that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

About Kraft Heinz

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.