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

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,247 shares of the company’s stock after selling 8,833 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Kraft Heinz were worth $675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. OFI Invest Asset Management bought a new position in shares of Kraft Heinz in the third quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Kraft Heinz in the fourth quarter worth $32,000. BKM Wealth Management LLC purchased a new stake in Kraft Heinz in the fourth quarter worth $33,000. Headinvest LLC purchased a new stake in Kraft Heinz in the third quarter worth $38,000. Finally, VisionPoint Advisory Group LLC lifted its stake in Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after acquiring an additional 936 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Kraft Heinz Price Performance

KHC opened at $38.16 on Friday. The stock has a 50-day moving average price of $36.20 and a 200-day moving average price of $35.59. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The firm has a market cap 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 1 year low of $30.68 and a 1 year high of $41.47.

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

Kraft Heinz Dividend Announcement

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