Stratos Wealth Partners LTD. Sells 1,427 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Stratos Wealth Partners LTD. lowered its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,207 shares of the company’s stock after selling 1,427 shares during the period. Stratos Wealth Partners LTD.’s holdings in Kraft Heinz were worth $1,302,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. OFI Invest Asset Management acquired a new stake in shares of Kraft Heinz during the third quarter worth $26,000. Ancora Advisors LLC increased its position in shares of Kraft Heinz by 69.9% during the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after buying an additional 272 shares during the period. Riverview Trust Co acquired a new stake in shares of Kraft Heinz during the third quarter worth $27,000. BKM Wealth Management LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $33,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $35,000. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of several recent analyst reports. Wells Fargo & Company decreased 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 report on Thursday, February 15th. Citigroup initiated coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Stock Up 0.3 %

Kraft Heinz stock opened at $37.16 on Wednesday. The Kraft Heinz Company has a 1-year low of $30.68 and a 1-year high of $41.47. The firm has a market capitalization of $45.17 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. The firm’s fifty day moving average price is $35.94 and its two-hundred day moving average price is $35.24. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is 69.26%.

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.