Bank Julius Baer & Co. Ltd Zurich Sells 8,833 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 32.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,247 shares of the company’s stock after selling 8,833 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Kraft Heinz were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Kraft Heinz by 10.7% during the 3rd quarter. Invesco Ltd. now owns 24,601,098 shares of the company’s stock worth $827,581,000 after purchasing an additional 2,369,080 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Kraft Heinz by 86.0% during the 3rd quarter. AQR Capital Management LLC now owns 4,627,569 shares of the company’s stock worth $155,671,000 after purchasing an additional 2,140,153 shares during the last quarter. LSV Asset Management lifted its stake in shares of Kraft Heinz by 27.1% during the 3rd quarter. LSV Asset Management now owns 9,263,400 shares of the company’s stock worth $311,621,000 after purchasing an additional 1,977,571 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Kraft Heinz by 3,167.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,869,778 shares of the company’s stock worth $63,198,000 after purchasing an additional 1,812,551 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Kraft Heinz by 7.2% during the 3rd quarter. Morgan Stanley now owns 12,580,726 shares of the company’s stock worth $423,216,000 after purchasing an additional 850,326 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Down 0.5 %

Shares of KHC stock opened at $38.16 on Friday. The stock’s 50-day simple moving average is $36.20 and its 200-day simple moving average is $35.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The firm has a market capitalization of $46.39 billion, a PE ratio of 16.52, a P/E/G ratio of 3.01 and a beta of 0.67. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. Equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is presently 69.26%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KHC shares. Wells Fargo & Company decreased their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price target on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Bank of America increased their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $40.57.

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.