The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. cut its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,547 shares of the company’s stock after selling 1,950 shares during the quarter. Kraft Heinz comprises about 1.6% of Palouse Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Palouse Capital Management Inc.’s holdings in Kraft Heinz were worth $2,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of KHC. FSC Wealth Advisors LLC boosted its position in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after purchasing an additional 270 shares during the period. Ancora Advisors LLC boosted its holdings in shares of Kraft Heinz by 69.9% during the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after buying an additional 272 shares during the period. Archer Investment Corp grew its stake in Kraft Heinz by 2.0% in the 4th quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after buying an additional 294 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in Kraft Heinz by 3.1% in the 4th quarter. Ingalls & Snyder LLC now owns 10,005 shares of the company’s stock worth $370,000 after acquiring an additional 300 shares during the period. Finally, Econ Financial Services Corp boosted its holdings in Kraft Heinz by 0.6% during the third quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock valued at $1,793,000 after acquiring an additional 310 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

NASDAQ:KHC traded up $0.67 during mid-day trading on Friday, hitting $37.78. The company’s stock had a trading volume of 9,117,591 shares, compared to its average volume of 8,138,727. The company has a market capitalization of $45.93 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.92 and a beta of 0.67. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The stock has a fifty day moving average of $35.91 and a 200-day moving average of $35.37.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the prior year, the firm posted $0.85 EPS. Kraft Heinz’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s payout ratio is 69.26%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KHC shares. Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Wells Fargo & Company cut their price target on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Bank of America upped their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.