The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 88.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,311 shares of the company’s stock after selling 66,550 shares during the period. KLCM Advisors Inc.’s holdings in Kraft Heinz were worth $255,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock valued at $186,350,000 after acquiring an additional 545,504 shares during the period. Banque Cantonale Vaudoise increased its position in Kraft Heinz by 52.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the period. Brookstone Capital Management increased its position in Kraft Heinz by 229.8% during the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock worth $10,530,000 after purchasing an additional 238,913 shares during the period. Easterly Investment Partners LLC increased its position in Kraft Heinz by 39.4% during the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after purchasing an additional 44,485 shares during the period. Finally, Toronto Dominion Bank increased its position in Kraft Heinz by 12.6% during the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock worth $17,132,000 after purchasing an additional 54,656 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KHC. Citigroup cut Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $34.00 to $28.00 in a research report on Thursday. UBS Group dropped their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group dropped their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $36.00 to $30.00 in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Trading Down 1.1 %

Shares of KHC stock opened at $28.92 on Monday. The firm has a market cap of $34.97 billion, a P/E ratio of 26.05, a PEG ratio of 3.74 and a beta of 0.47. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm’s 50-day simple moving average is $29.90 and its 200-day simple moving average is $32.73.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. As a group, equities analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

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.