Barrow Hanley Mewhinney & Strauss LLC Sells 11,797 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Barrow Hanley Mewhinney & Strauss LLC cut its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580,771 shares of the company's stock after selling 11,797 shares during the period. Barrow Hanley Mewhinney & Strauss LLC's holdings in Kraft Heinz were worth $17,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Generali Investments Management Co LLC bought a new stake in shares of Kraft Heinz during the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. bought a new stake in Kraft Heinz during the 4th quarter worth approximately $29,000. R Squared Ltd purchased a new stake in shares of Kraft Heinz in the fourth quarter worth approximately $34,000. OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the fourth quarter worth approximately $36,000. Finally, Kennondale Capital Management LLC bought a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $45,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 0.6%

KHC traded up $0.17 on Thursday, hitting $26.71. The company had a trading volume of 3,382,859 shares, compared to its average volume of 9,393,677. The firm has a market capitalization of $31.61 billion, a P/E ratio of 11.82, a P/E/G ratio of 3.39 and a beta of 0.30. The stock has a fifty day simple moving average of $28.70 and a 200-day simple moving average of $29.84. The Kraft Heinz Company has a 52-week low of $26.01 and a 52-week high of $36.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Kraft Heinz's revenue 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 fiscal year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.99%. Kraft Heinz's dividend payout ratio is currently 73.06%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KHC. Jefferies Financial Group lowered their price target on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, January 29th. Citigroup reiterated a "sell" rating and issued a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. DZ Bank lowered 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 report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, Stifel Nicolaus dropped their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, Kraft Heinz currently has a consensus rating of "Hold" and an average price target of $30.53.

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.