Wealth Enhancement Advisory Services LLC Sells 35,677 Shares of Kraft Heinz Company (NASDAQ:KHC)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 22.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,937 shares of the company’s stock after selling 35,677 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Kraft Heinz were worth $3,650,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Generali Investments Management Co LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $26,000. Mountain Hill Investment Partners Corp. bought a new stake in Kraft Heinz during the 4th quarter valued at approximately $29,000. OFI Invest Asset Management bought a new stake in Kraft Heinz during the 4th quarter valued at approximately $36,000. Pinney & Scofield Inc. bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $38,000. Finally, Kennondale Capital Management LLC bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $25.79 on Friday. The firm has a market cap of $30.52 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 3.01 and a beta of 0.27. The firm’s 50 day simple moving average is $27.38 and its 200-day simple moving average is $29.07. Kraft Heinz Company has a one year low of $25.53 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.81 and a current ratio of 1.31.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Tuesday, April 29th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business 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 dividend of $0.40 per share. The ex-dividend date is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 6.20%. Kraft Heinz’s payout ratio is currently 73.06%.

Analysts Set New Price Targets

Several research firms recently issued reports on KHC. Wall Street Zen raised Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley assumed coverage on Kraft Heinz in a research note on Monday, March 24th. They issued an “underweight” rating and a $29.00 price objective for the company. Stifel Nicolaus reduced their price objective on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Sanford C. Bernstein lowered Kraft Heinz from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $34.00 to $31.00 in a research note on Tuesday, April 22nd. Finally, Cfra Research downgraded shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating and sixteen have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.47.

Kraft Heinz Company 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.