Mn Services Vermogensbeheer B.V. Sells 14,100 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Mn Services Vermogensbeheer B.V. decreased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 376,400 shares of the company’s stock after selling 14,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Kraft Heinz were worth $13,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of KHC. Raymond James Trust N.A. increased its position in Kraft Heinz by 11.0% in the 4th quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock valued at $1,465,000 after buying an additional 3,916 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Kraft Heinz during the third quarter valued at approximately $5,399,000. Victory Capital Management Inc. raised its position in shares of Kraft Heinz by 16.3% during the third quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after purchasing an additional 247,896 shares during the period. FMR LLC grew its position in Kraft Heinz by 37.9% in the 3rd quarter. FMR LLC now owns 3,029,052 shares of the company’s stock valued at $101,897,000 after purchasing an additional 832,653 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Kraft Heinz by 3,383.4% during the 4th quarter. International Assets Investment Management LLC now owns 393,727 shares of the company’s stock valued at $14,560,000 after purchasing an additional 382,424 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KHC. Citigroup initiated coverage on shares of Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company cut their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz currently has a consensus rating of “Hold” and an average target price of $40.57.

Kraft Heinz Trading Down 1.7 %

NASDAQ:KHC opened at $35.94 on Monday. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47. The stock has a market cap of $43.69 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 2.84 and a beta of 0.67. The company has a 50-day moving average price of $35.88 and a 200-day moving average price of $35.29. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.45%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

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.