Stratos Wealth Partners LTD. Sells 4,884 Shares of Kraft Heinz Company (NASDAQ:KHC)

Stratos Wealth Partners LTD. lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 27.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,170 shares of the company’s stock after selling 4,884 shares during the period. Stratos Wealth Partners LTD.’s holdings in Kraft Heinz were worth $401,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $26,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $29,000. Rossby Financial LCC bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in shares of Kraft Heinz during the 1st quarter valued at about $33,000. Finally, Pinney & Scofield Inc. bought a new position in shares of Kraft Heinz during the 4th quarter valued at about $38,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Stock Up 2.4%

KHC stock opened at $27.80 on Tuesday. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.53. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The firm has a market cap of $32.90 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 3.17 and a beta of 0.25. The business has a 50 day moving average of $26.73 and a 200 day moving average of $28.68.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a return on equity of 7.37% and a net margin of 10.44%. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is presently 73.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KHC shares. Wells Fargo & Company increased their price objective on Kraft Heinz from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday. Mizuho set a $29.00 target price on Kraft Heinz and gave the company a “neutral” rating in a report on Wednesday, May 28th. Sanford C. Bernstein cut Kraft Heinz from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Citigroup restated a “sell” rating and set a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Finally, DZ Bank cut Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Friday, May 9th. Three research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus target price of $30.41.

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.