Zacks Investment Research cut shares of Kraft Heinz Co (NASDAQ:KHC) from a buy rating to a hold rating in a research report report published on Wednesday morning, Analyst Ratings Network.com reports.

According to Zacks, “The Kraft Heinz Company is a food and beverage company. The Company’s brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta. The Kraft Heinz Company formerly known as Kraft Foods Group, Inc., is based in PITTSBURGH, United States. “

A number of institutional investors recently made changes to their positions in KHC. FNY Managed Accounts LLC boosted its position in shares of Kraft Heinz by 141.4% in the fourth quarter. FNY Managed Accounts LLC now owns 3,500 shares of the company’s stock worth $255,000 after buying an additional 2,050 shares during the period. Endurance Wealth Management Inc. bought a new position in shares of Kraft Heinz during the fourth quarter worth approximately $259,000. Winslow Evans & Crocker Inc. boosted its position in shares of Kraft Heinz by 0.8% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 4,072 shares of the company’s stock worth $296,000 after buying an additional 34 shares during the period. VSR Financial Services Inc. boosted its position in shares of Kraft Heinz by 1.0% in the fourth quarter. VSR Financial Services Inc. now owns 4,077 shares of the company’s stock worth $297,000 after buying an additional 39 shares during the period. Finally, Putnam FL Investment Management Co. boosted its position in shares of Kraft Heinz by 4.2% in the fourth quarter. Putnam FL Investment Management Co. now owns 4,133 shares of the company’s stock worth $301,000 after buying an additional 167 shares during the period.

Shares of Kraft Heinz (NASDAQ:KHC) traded up 0.25% during mid-day trading on Wednesday, reaching $76.16. 3,542,405 shares of the company’s stock traded hands. The company’s market cap is $92.42 billion. The company has a 50 day moving average of $72.46 and a 200 day moving average of $74.35. Kraft Heinz has a 12 month low of $61.42 and a 12 month high of $81.20.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by $0.19. The company earned $6.12 billion during the quarter, compared to analyst estimates of $4.70 billion. The firm’s revenue for the quarter was up 135.9% compared to the same quarter last year. Analysts expect that Kraft Heinz will post $3.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 15th. Investors of record on Wednesday, December 23rd were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Monday, December 21st. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.02%.

Other equities research analysts have also issued research reports about the company. Vetr raised Kraft Heinz from a buy rating to a strong-buy rating and set a $89.44 price objective for the company in a report on Monday, October 26th. Credit Suisse restated a buy rating on shares of Kraft Heinz in a research note on Friday, November 20th. Susquehanna upgraded Kraft Heinz from a neutral rating to a positive rating and set a $98.00 target price for the company in a research note on Thursday, January 21st. Finally, CLSA restated an underperform rating on shares of Kraft Heinz in a research note on Thursday, January 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $84.08.

The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.

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