Schonfeld Strategic Advisors LLC Sells 17,270 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Schonfeld Strategic Advisors LLC lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 70.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,135 shares of the company's stock after selling 17,270 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Kraft Heinz were worth $219,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sawyer & Company Inc bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $26,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $34,000. Finally, OFI Invest Asset Management bought a new position in shares of Kraft Heinz during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KHC. Barclays cut their target price on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Cfra Research cut Kraft Heinz from a "moderate buy" rating to a "hold" rating in a report on Wednesday, April 16th. Wells Fargo & Company cut their target price on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group cut their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Four research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $30.65.

Kraft Heinz Price Performance

NASDAQ KHC traded up $0.25 during trading hours on Friday, hitting $27.74. The company had a trading volume of 8,892,694 shares, compared to its average volume of 9,238,470. The Kraft Heinz Company has a 52 week low of $27.14 and a 52 week high of $36.53. The firm has a 50 day simple moving average of $29.22 and a 200 day simple moving average of $30.19. 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 market capitalization of $32.83 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.39 and a beta of 0.30.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be given a dividend of $0.40 per share. 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 5.77%. Kraft Heinz's dividend payout ratio (DPR) 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.