The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in The Kraft Heinz Company (NASDAQ:KHC) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,081 shares of the company’s stock after selling 3,678 shares during the quarter. Amalgamated Bank’s holdings in Kraft Heinz were worth $5,223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz in the fourth quarter worth $25,000. Fortitude Family Office LLC lifted its position in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Kraft Heinz in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new stake in Kraft Heinz during the 3rd quarter valued at approximately $33,000. Finally, Larson Financial Group LLC grew its position in shares of Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KHC. UBS Group cut their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Piper Sandler decreased their price target on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. StockNews.com cut Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Jefferies Financial Group dropped their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Finally, Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat, Kraft Heinz has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Price Performance

NASDAQ KHC opened at $30.65 on Friday. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week 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 stock has a market cap of $36.63 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47. The company has a 50-day moving average price of $29.77 and a two-hundred day moving average price of $32.45.

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

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is currently 70.80%.

Kraft Heinz Company 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.