Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lowered its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 17.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,051 shares of the company's stock after selling 10,411 shares during the quarter. Jeppson Wealth Management LLC's holdings in Kraft Heinz were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 19.9% in the 4th quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock valued at $2,779,524,000 after acquiring an additional 14,996,486 shares during the period. Norges Bank acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $324,857,000. Southeastern Asset Management Inc. TN acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $87,080,000. Fairfax Financial Holdings Ltd. Can increased its holdings in shares of Kraft Heinz by 341.9% in the 4th quarter. Fairfax Financial Holdings Ltd. Can now owns 3,314,000 shares of the company's stock valued at $101,773,000 after acquiring an additional 2,564,000 shares during the period. Finally, Criteria Caixa S.A.U. acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $73,316,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KHC shares. Sanford C. Bernstein cut shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their target price for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a report on Friday, May 9th. Wall Street Zen raised shares of Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Cfra Research cut shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, Citigroup reaffirmed a "sell" rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Three research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.47.

Kraft Heinz Stock Performance

NASDAQ:KHC traded down $0.18 during midday trading on Friday, reaching $25.61. The stock had a trading volume of 34,109,976 shares, compared to its average volume of 9,895,813. The stock has a market cap of $30.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 3.02 and a beta of 0.27. Kraft Heinz Company has a 12-month low of $25.44 and a 12-month high of $36.53. The firm has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $29.03. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, equities analysts expect that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.25%. Kraft Heinz's payout ratio is currently 73.06%.

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.