Cwm LLC Lowers Stake in The Kraft Heinz Company (NASDAQ:KHC)

Cwm LLC reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,703 shares of the company’s stock after selling 1,244 shares during the quarter. Cwm LLC’s holdings in Kraft Heinz were worth $470,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KHC. OFI Invest Asset Management purchased a new stake in Kraft Heinz in the third quarter worth about $26,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Kraft Heinz in the fourth quarter worth about $32,000. BKM Wealth Management LLC purchased a new stake in Kraft Heinz in the fourth quarter worth about $33,000. Headinvest LLC purchased a new stake in Kraft Heinz in the third quarter worth about $38,000. Finally, VisionPoint Advisory Group LLC lifted its stake in Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after acquiring an additional 936 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Stock Performance

KHC opened at $36.28 on Thursday. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week 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. The company has a market cap of $44.10 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67. The firm’s 50-day moving average price is $36.34 and its 200-day moving average price is $35.74.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the company earned $0.85 EPS. Kraft Heinz’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3.02 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 28th. Investors of record on Thursday, June 6th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.41%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.

Analysts Set New Price Targets

A number of equities analysts have commented on KHC shares. Citigroup started coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.57.

Kraft Heinz 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.