Bfsg LLC Lowers Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bfsg LLC trimmed its position in The Kraft Heinz Company (NASDAQ:KHC) by 74.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,668 shares of the company’s stock after selling 31,372 shares during the quarter. Bfsg LLC’s holdings in Kraft Heinz were worth $328,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its position in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the 3rd quarter worth $27,000. Sawyer & Company Inc bought a new position in shares of Kraft Heinz in the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of Kraft Heinz in the 3rd quarter worth $33,000. Finally, Larson Financial Group LLC raised its position in shares of Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 1.4 %

Shares of NASDAQ:KHC opened at $29.32 on Wednesday. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The stock has a market cap of $35.45 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 3.74 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $29.80 and a 200-day moving average price of $32.62.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Equities analysts predict that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.46%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KHC. Stifel Nicolaus reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. UBS Group reduced their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Jefferies Financial Group reduced their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.86.

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.