Stifel Financial Corp Sells 85,441 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Stifel Financial Corp decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,140,511 shares of the company's stock after selling 85,441 shares during the quarter. Stifel Financial Corp owned 0.09% of Kraft Heinz worth $35,025,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KHC. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the fourth quarter worth $25,000. Generali Investments Management Co LLC purchased a new stake in Kraft Heinz during the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz during the fourth quarter worth about $29,000. R Squared Ltd acquired a new position in shares of Kraft Heinz in the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management purchased a new stake in Kraft Heinz in the 4th quarter valued at $36,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC traded up $0.13 during trading on Tuesday, reaching $28.94. The stock had a trading volume of 5,156,561 shares, compared to its average volume of 9,117,644. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 3.39 and a beta of 0.44. The stock has a fifty day simple moving average of $30.05 and a two-hundred day simple moving average of $30.83. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.72.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating 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 company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Kraft Heinz's revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.53%. Kraft Heinz's dividend payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. Sanford C. Bernstein cut Kraft Heinz from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Citigroup restated a "sell" rating and set a $27.00 target price (down previously from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. TD Cowen dropped their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, UBS Group dropped their price objective on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Four analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of "Hold" and an average target price of $30.69.

About Kraft Heinz

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.