Schnieders Capital Management LLC Sells 15,584 Shares of Kraft Heinz Company (NASDAQ:KHC)

Key Points

• Schnieders Capital Management LLC reduced its stake in Kraft Heinz Company by 60.7%, selling 15,584 shares and holding 10,086 shares worth $307,000 by the end of the first quarter.
• Other institutional investors, including Vanguard Group and Pacer Advisors, significantly increased their positions in Kraft Heinz during the first quarter.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, representing an annualized yield of 5.9%, to be paid on September 26th.

Schnieders Capital Management LLC reduced its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 60.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,086 shares of the company's stock after selling 15,584 shares during the period. Schnieders Capital Management LLC's holdings in Kraft Heinz were worth $307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KHC. Rossby Financial LCC acquired a new stake in Kraft Heinz during the 1st quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in Kraft Heinz during the 1st quarter worth $33,000. Investment Management Corp VA ADV raised its stake in Kraft Heinz by 141.7% during the 1st quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after buying an additional 669 shares during the period. Pinney & Scofield Inc. acquired a new stake in Kraft Heinz during the 4th quarter worth $38,000. Finally, Abound Wealth Management raised its stake in Kraft Heinz by 1,157.0% during the 1st quarter. Abound Wealth Management now owns 1,257 shares of the company's stock worth $38,000 after buying an additional 1,157 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on KHC. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. UBS Group boosted their price target on Kraft Heinz from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Stifel Nicolaus cut their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group upgraded Kraft Heinz from a "sell" rating to a "neutral" rating and boosted their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, Sanford C. Bernstein lowered Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price target for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and an average price target of $30.35.

Kraft Heinz Stock Up 0.4%

Shares of NASDAQ:KHC traded up $0.11 during midday trading on Friday, reaching $27.76. The company had a trading volume of 9,265,738 shares, compared to its average volume of 17,561,108. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. The business's 50 day moving average price is $26.93 and its 200 day moving average price is $28.47. The stock has a market cap of $32.86 billion, a PE ratio of -6.18, a P/E/G ratio of 3.22 and a beta of 0.23. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.26 billion. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%. The business's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's payout ratio is -35.63%.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director owned 40,000 shares of the company's stock, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

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.