Barrett Asset Management LLC Decreases Position in Kraft Heinz Co (KHC)
Barrett Asset Management LLC cut its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 71.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,066 shares of the company’s stock after selling 2,670 shares during the quarter. Barrett Asset Management LLC’s holdings in Kraft Heinz were worth $35,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Clifford Swan Investment Counsel LLC grew its holdings in shares of Kraft Heinz by 0.7% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock worth $1,451,000 after buying an additional 225 shares in the last quarter. Delta Asset Management LLC TN grew its holdings in shares of Kraft Heinz by 3.5% during the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock worth $320,000 after buying an additional 250 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of Kraft Heinz by 4.4% during the fourth quarter. IHT Wealth Management LLC now owns 6,081 shares of the company’s stock worth $262,000 after buying an additional 259 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Kraft Heinz by 6.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 5,183 shares of the company’s stock worth $223,000 after buying an additional 301 shares in the last quarter. Finally, Providence Capital Advisors LLC grew its stake in Kraft Heinz by 1.7% in the fourth quarter. Providence Capital Advisors LLC now owns 19,465 shares of the company’s stock valued at $838,000 after purchasing an additional 322 shares in the last quarter. Institutional investors and hedge funds own 58.22% of the company’s stock.
A number of research analysts have weighed in on the company. BidaskClub downgraded Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 30th. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Credit Suisse Group restated an “underperform” rating and issued a $26.00 price target (down from $33.00) on shares of Kraft Heinz in a research note on Thursday, May 30th. Piper Jaffray Companies upgraded Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price target for the company in a research note on Friday. Finally, Barclays downgraded Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 22nd. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.40 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.63%. Kraft Heinz’s payout ratio is 45.33%.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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