Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 22.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,937 shares of the company's stock after selling 35,677 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Kraft Heinz were worth $3,650,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Generali Investments Management Co LLC bought a new stake in Kraft Heinz during the fourth quarter valued at about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $29,000. OFI Invest Asset Management acquired a new stake in Kraft Heinz during the 4th quarter valued at approximately $36,000. Pinney & Scofield Inc. acquired a new position in Kraft Heinz during the fourth quarter valued at $38,000. Finally, Kennondale Capital Management LLC acquired a new position in shares of Kraft Heinz in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and increased their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th. Cfra Research downgraded Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Stifel Nicolaus lowered 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 note on Wednesday, April 30th. Finally, Mizuho set a $29.00 target price on shares of Kraft Heinz and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.47.

Kraft Heinz Trading Up 0.8%

Shares of Kraft Heinz stock traded up $0.21 during trading hours on Monday, hitting $25.82. The company's stock had a trading volume of 18,620,783 shares, compared to its average volume of 9,930,552. The stock has a market cap of $30.56 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 3.00 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The firm has a fifty day moving average of $27.30 and a 200-day moving average of $29.00.

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, topping analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was down 6.4% on a year-over-year basis. Research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date was Friday, May 30th. 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.