Barrow Hanley Mewhinney & Strauss LLC Decreases Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

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

Several other hedge funds have also modified their holdings of KHC. Brookstone Capital Management lifted its position in Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after acquiring an additional 238,913 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock valued at $17,132,000 after purchasing an additional 54,656 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after purchasing an additional 1,238,200 shares during the period. FLC Capital Advisors grew its stake in Kraft Heinz by 121.0% during the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after buying an additional 10,214 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Kraft Heinz by 511.7% during the fourth quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after buying an additional 35,725 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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Kraft Heinz Trading Up 2.6 %

Shares of KHC traded up $0.77 during trading hours on Thursday, hitting $30.90. The stock had a trading volume of 7,703,410 shares, compared to its average volume of 8,782,885. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The firm has a market cap of $36.88 billion, a P/E ratio of 13.65, a P/E/G ratio of 3.39 and a beta of 0.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company's fifty day simple moving average is $30.05 and its 200 day simple moving average is $31.60.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities research analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.18%. The ex-dividend date was Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is presently 70.80%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KHC. Citigroup lowered shares of Kraft Heinz from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $34.00 to $28.00 in a research report on Thursday, February 13th. Barclays dropped their price objective 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. StockNews.com raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. The Goldman Sachs Group reduced their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lowered their target price on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company's stock. According to MarketBeat, Kraft Heinz 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.