Wilbanks Smith & Thomas Asset Management LLC decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,805 shares of the company's stock after selling 28,177 shares during the period. Wilbanks Smith & Thomas Asset Management LLC's holdings in Kraft Heinz were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of KHC. Brookstone Capital Management boosted its holdings in Kraft Heinz by 5.2% in the 3rd quarter. Brookstone Capital Management now owns 27,344 shares of the company's stock worth $860,000 after buying an additional 1,346 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Kraft Heinz by 2.0% in the third quarter. Commonwealth Equity Services LLC now owns 386,399 shares of the company's stock worth $12,998,000 after purchasing an additional 7,491 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Kraft Heinz by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 351,116 shares of the company's stock worth $11,812,000 after buying an additional 8,216 shares in the last quarter. Xponance Inc. boosted its stake in Kraft Heinz by 2.8% during the third quarter. Xponance Inc. now owns 101,792 shares of the company's stock valued at $3,424,000 after buying an additional 2,738 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in Kraft Heinz by 30.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 5,476 shares of the company's stock valued at $184,000 after buying an additional 1,293 shares in the last quarter. Institutional investors own 78.17% of the company's stock.
Kraft Heinz Trading Down 1.0 %
Kraft Heinz stock traded down $0.37 during trading hours on Friday, hitting $36.35. The company had a trading volume of 7,102,312 shares, compared to its average volume of 8,144,964. The firm has a market cap of $44.19 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.88 and a beta of 0.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 1.09. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.44. The company has a 50-day moving average price of $36.34 and a two-hundred day moving average price of $35.75.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analysts' expectations of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. On average, sell-side analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.
Kraft Heinz Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.40%. Kraft Heinz's dividend payout ratio is currently 69.87%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on KHC shares. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Bank of America lifted their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, April 15th. Finally, Citigroup began coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They issued a "buy" rating and a $43.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $40.57.
View Our Latest Analysis on Kraft Heinz
About Kraft Heinz
(
Free Report)
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.
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