The Kraft Heinz Company (NASDAQ:KHC) Stake Cut by RWWM Inc.

RWWM Inc. trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 29.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,329,471 shares of the company's stock after selling 551,891 shares during the quarter. Kraft Heinz makes up about 3.3% of RWWM Inc.'s investment portfolio, making the stock its 9th largest holding. RWWM Inc. owned approximately 0.11% of Kraft Heinz worth $40,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KHC. Headlands Technologies LLC purchased a new stake in Kraft Heinz in the 4th quarter worth approximately $2,048,000. Versant Capital Management Inc raised its position in shares of Kraft Heinz by 493.4% during the 1st quarter. Versant Capital Management Inc now owns 12,354 shares of the company's stock valued at $376,000 after purchasing an additional 10,272 shares during the period. Banque Pictet & Cie SA raised its position in shares of Kraft Heinz by 10.8% during the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock valued at $2,764,000 after purchasing an additional 8,787 shares during the period. Farther Finance Advisors LLC boosted its holdings in Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock worth $671,000 after buying an additional 8,144 shares during the period. Finally, Americana Partners LLC purchased a new stake in Kraft Heinz in the 4th quarter worth $7,005,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on KHC. Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. DZ Bank cut shares of Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Friday, May 9th. Stifel Nicolaus cut their price objective on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Citigroup reiterated a "sell" rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $30.35.

Kraft Heinz Trading Down 1.7%

KHC traded down $0.46 during trading on Monday, hitting $25.62. 3,871,070 shares of the stock were exchanged, compared to its average volume of 9,545,202. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The firm has a 50 day simple moving average of $27.97 and a 200 day simple moving average of $29.39. The firm has a market cap of $30.33 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 3.39 and a beta of 0.27. The Kraft Heinz Company has a 1 year low of $25.58 and a 1 year high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm posted $0.69 EPS. The company's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.24%. Kraft Heinz's dividend payout ratio is presently 73.06%.

Kraft Heinz Company 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.