DMC Group LLC Sells 9,861 Shares of Kraft Heinz Company (NASDAQ:KHC)

DMC Group LLC lowered its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 59.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,647 shares of the company's stock after selling 9,861 shares during the quarter. DMC Group LLC's holdings in Kraft Heinz were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KHC. Vanguard Group Inc. increased its holdings in Kraft Heinz by 19.9% during the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. Geode Capital Management LLC increased its holdings in Kraft Heinz by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,745,734 shares of the company's stock worth $604,644,000 after buying an additional 595,406 shares during the last quarter. Norges Bank acquired a new position in Kraft Heinz during the fourth quarter worth $324,857,000. Northern Trust Corp increased its holdings in Kraft Heinz by 12.6% during the fourth quarter. Northern Trust Corp now owns 9,289,691 shares of the company's stock worth $285,286,000 after buying an additional 1,039,885 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kraft Heinz by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,585,167 shares of the company's stock worth $263,650,000 after buying an additional 1,628,516 shares during the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

NASDAQ:KHC traded down $0.13 during mid-day trading on Thursday, reaching $26.32. The stock had a trading volume of 1,807,236 shares, compared to its average volume of 10,114,274. The firm has a 50 day moving average price of $26.81 and a two-hundred day moving average price of $28.78. The stock has a market capitalization of $31.15 billion, a P/E ratio of 11.97, a P/E/G ratio of 3.09 and a beta of 0.25. Kraft Heinz Company has a one year low of $25.44 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. As a group, analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 6.08%. Kraft Heinz's payout ratio is 73.06%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price objective for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a report on Wednesday, May 28th. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Stifel Nicolaus decreased their price objective on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.29.

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.

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