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

Victory Capital Management Inc. cut its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,546,768 shares of the company’s stock after selling 17,504 shares during the period. Victory Capital Management Inc.’s holdings in Kraft Heinz were worth $47,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC boosted its holdings in shares of Kraft Heinz by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company’s stock valued at $3,995,000 after acquiring an additional 361 shares during the period. Checchi Capital Advisers LLC raised its position in Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company’s stock valued at $223,000 after purchasing an additional 366 shares during the last quarter. Winch Advisory Services LLC boosted its stake in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares during the period. Pinnacle Financial Partners Inc grew its position in Kraft Heinz by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares during the last quarter. Finally, Cohen Investment Advisors LLC increased its stake in Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock valued at $315,000 after purchasing an additional 487 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price target for the stock from $34.00 to $28.00 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 report on Friday, February 14th. Finally, Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.86.

Kraft Heinz Price Performance

KHC stock opened at $32.18 on Friday. The company has a market cap of $38.45 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 3.39 and a beta of 0.40. 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 50 day moving average of $29.85 and a 200-day moving average of $32.29. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 12th. The company reported $0.84 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%. As a group, equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.97%. Kraft Heinz’s dividend payout ratio (DPR) is currently 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.