Dimensional Fund Advisors LP Cuts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Dimensional Fund Advisors LP trimmed its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC – Get Rating) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,393,601 shares of the company’s stock after selling 890,633 shares during the period. Dimensional Fund Advisors LP owned about 0.20% of Kraft Heinz worth $97,443,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Clifford Capital Partners LLC grew its holdings in shares of Kraft Heinz by 29.6% in the 4th quarter. Clifford Capital Partners LLC now owns 332,616 shares of the company’s stock worth $13,541,000 after acquiring an additional 75,882 shares during the period. Sowell Financial Services LLC raised its position in shares of Kraft Heinz by 4.7% in the 4th quarter. Sowell Financial Services LLC now owns 131,228 shares of the company’s stock worth $5,342,000 after buying an additional 5,872 shares during the period. Abundance Wealth Counselors raised its position in shares of Kraft Heinz by 15.9% in the 4th quarter. Abundance Wealth Counselors now owns 20,708 shares of the company’s stock worth $843,000 after buying an additional 2,836 shares during the period. First Eagle Investment Management LLC raised its position in shares of Kraft Heinz by 2.6% in the 4th quarter. First Eagle Investment Management LLC now owns 6,663,867 shares of the company’s stock worth $271,286,000 after buying an additional 170,566 shares during the period. Finally, Valeo Financial Advisors LLC raised its position in shares of Kraft Heinz by 23.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 33,694 shares of the company’s stock worth $1,372,000 after buying an additional 6,451 shares during the period. 68.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kraft Heinz news, CAO Lande Rashida La sold 25,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $41.00, for a total transaction of $1,025,000.00. Following the sale, the chief accounting officer now directly owns 234,084 shares of the company’s stock, valued at $9,597,444. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

Kraft Heinz Trading Down 0.8 %

Shares of NASDAQ:KHC opened at $38.74 on Tuesday. The stock has a market capitalization of $47.54 billion, a PE ratio of 19.77, a P/E/G ratio of 3.04 and a beta of 0.69. The Kraft Heinz Company has a 1 year low of $32.73 and a 1 year high of $42.80. The firm has a fifty day moving average price of $39.19 and a 200 day moving average price of $39.52. The company has a current ratio of 0.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC – Get Rating) last released its earnings results on Wednesday, May 3rd. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.39 billion. Kraft Heinz had a net margin of 9.00% and a return on equity of 7.26%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Analysts expect that The Kraft Heinz Company will post 2.88 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Monday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is presently 81.63%.

Analyst Ratings Changes

Several research analysts have commented on KHC shares. StockNews.com started coverage on Kraft Heinz in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Stifel Nicolaus lifted their price target on Kraft Heinz from $44.00 to $46.00 in a research note on Thursday, May 4th. UBS Group lifted their price target on Kraft Heinz from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Credit Suisse Group reiterated an “underperform” rating and set a $38.00 price objective (up from $36.00) on shares of Kraft Heinz in a research report on Thursday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Kraft Heinz from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.79.

Kraft Heinz Company Profile

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The Kraft Heinz Co engages in the manufacture and market of food and beverage products. The firm operates through the following geographical segments: United States, Canada and International. Its brands include Oscar Meyer, Velveeta, Smart Ones, Caprisun, Kool-Aid, Golden circle and Honig. The company was founded on July 2, 2015, and is headquartered in Pittsburgh, PA.