Steph & Co. Sells 6,119 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Steph & Co. lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 45.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,297 shares of the company’s stock after selling 6,119 shares during the quarter. Steph & Co.’s holdings in Kraft Heinz were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KHC. OFI Invest Asset Management bought a new position in Kraft Heinz in the third quarter valued at approximately $26,000. Ancora Advisors LLC lifted its position in shares of Kraft Heinz by 69.9% in the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after purchasing an additional 272 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Kraft Heinz in the third quarter worth $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $32,000. Finally, BKM Wealth Management LLC bought a new stake in shares of Kraft Heinz in the fourth quarter worth $33,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of KHC traded up $0.31 during trading hours on Wednesday, hitting $36.90. The company had a trading volume of 6,174,392 shares, compared to its average volume of 8,143,999. The firm has a market cap of $44.86 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 2.87 and a beta of 0.67. The business has a fifty day moving average of $35.85 and a 200-day moving average of $35.32. The Kraft Heinz Company has a 12 month low of $30.68 and a 12 month high of $41.47. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Equities analysts anticipate that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s payout ratio is presently 69.26%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KHC shares. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Citigroup started 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. Finally, Bank of America boosted their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.71.

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.