Barrow Hanley Mewhinney & Strauss LLC Has $17.84 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 580,771 shares of the company’s stock after selling 11,797 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Kraft Heinz were worth $17,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KHC. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 19.9% during the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company’s stock valued at $2,779,524,000 after purchasing an additional 14,996,486 shares during the period. State Street Corp increased its holdings in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company’s stock valued at $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC raised its stake in shares of Kraft Heinz by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock valued at $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz during the 3rd quarter worth about $411,304,000. Finally, Norges Bank acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at about $324,857,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $30.24 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company has a market cap of $36.14 billion, a PE ratio of 13.38, a PEG ratio of 3.39 and a beta of 0.40. The company’s 50-day moving average is $29.99 and its two-hundred day moving average is $31.69. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.29%. Kraft Heinz’s dividend payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KHC shares. Stifel Nicolaus cut their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group decreased their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday, March 24th. They set an “underweight” rating and a $29.00 price objective for the company. Barclays reduced their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Mizuho cut shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $31.00 in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.73.

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.