The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 769,109 shares of the company’s stock after selling 144,784 shares during the period. Natixis Advisors LLC owned 0.06% of Kraft Heinz worth $23,619,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC grew its holdings in Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kraft Heinz in the 3rd quarter valued at approximately $411,304,000. Nordea Investment Management AB increased its position in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Kraft Heinz by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,601,292 shares of the company’s stock worth $172,016,000 after acquiring an additional 293,694 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of a number of research analyst reports. Mizuho lowered Kraft Heinz from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $38.00 to $31.00 in a report on Monday, February 10th. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Piper Sandler decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Barclays decreased their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Up 1.4 %

NASDAQ:KHC opened at $30.66 on Tuesday. The stock has a fifty day simple moving average of $29.88 and a 200 day simple moving average of $32.06. The firm has a market capitalization of $36.64 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results 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 net margin of 10.62% and a return on equity of 7.58%. Sell-side analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, March 7th. 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.