WBI Investments LLC Decreases Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

WBI Investments LLC lowered its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,391 shares of the company's stock after selling 20,469 shares during the period. WBI Investments LLC's holdings in Kraft Heinz were worth $2,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Kraft Heinz in the fourth quarter worth approximately $2,048,000. FLC Capital Advisors boosted its holdings in Kraft Heinz by 121.0% in the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after acquiring an additional 10,214 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Kraft Heinz by 511.7% in the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after acquiring an additional 35,725 shares in the last quarter. 1834 Investment Advisors Co. bought a new position in Kraft Heinz in the fourth quarter worth approximately $470,000. Finally, Sound Income Strategies LLC boosted its holdings in Kraft Heinz by 124.0% in the fourth quarter. Sound Income Strategies LLC now owns 275,675 shares of the company's stock worth $8,466,000 after acquiring an additional 152,584 shares in the last quarter. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of KHC traded down $0.20 during trading hours on Friday, reaching $26.30. 10,298,023 shares of the company's stock traded hands, compared to its average volume of 9,387,174. The stock has a market cap of $31.13 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 3.39 and a beta of 0.30. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm's 50 day simple moving average is $28.89 and its 200-day simple moving average is $29.97. The Kraft Heinz Company has a 12 month low of $26.01 and a 12 month high of $36.53.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the company posted $0.69 EPS. The company's revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Friday, May 30th. Kraft Heinz's dividend payout ratio (DPR) is currently 73.06%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Barclays decreased their target price on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Citigroup reissued 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. Finally, Stifel Nicolaus decreased their target price 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. Four equities research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.65.

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.