RWA Wealth Partners LLC Lowers Position in The Kraft Heinz Company (NASDAQ:KHC)

RWA Wealth Partners LLC reduced its stake in The Kraft Heinz Company (NASDAQ:KHC) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,971 shares of the company’s stock after selling 5,347 shares during the period. RWA Wealth Partners LLC’s holdings in Kraft Heinz were worth $1,842,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. CreativeOne Wealth LLC acquired a new position in Kraft Heinz in the 3rd quarter valued at about $231,000. Public Sector Pension Investment Board grew its holdings in shares of Kraft Heinz by 138.8% in the third quarter. Public Sector Pension Investment Board now owns 34,751 shares of the company’s stock valued at $1,220,000 after purchasing an additional 20,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Kraft Heinz by 62.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 641,668 shares of the company’s stock worth $22,529,000 after buying an additional 247,328 shares during the period. Benjamin Edwards Inc. lifted its holdings in Kraft Heinz by 3,129.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 12,109 shares of the company’s stock worth $425,000 after buying an additional 11,734 shares in the last quarter. Finally, Cladis Investment Advisory LLC grew its stake in shares of Kraft Heinz by 3.4% in the third quarter. Cladis Investment Advisory LLC now owns 37,410 shares of the company’s stock worth $1,313,000 after acquiring an additional 1,231 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 0.6 %

KHC stock opened at $30.43 on Tuesday. The company has a market cap of $36.36 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The company has a fifty day moving average price of $30.01 and a 200 day moving average price of $31.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results 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 10.62% and a return on equity of 7.58%. Sell-side analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

KHC has been the subject of a number of recent research reports. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their target price for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Citigroup lowered shares of Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. StockNews.com upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. UBS Group dropped their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.73.

About Kraft Heinz

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.