Bfsg LLC Sells 31,372 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Bfsg LLC decreased its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its stake in 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 purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz in the 3rd quarter worth approximately $27,000. Sawyer & Company Inc acquired a new position in Kraft Heinz in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in Kraft Heinz in the 3rd quarter worth approximately $33,000. Finally, Larson Financial Group LLC boosted its stake in 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 purchasing an additional 636 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz Stock Performance

KHC traded up $0.97 during trading on Friday, hitting $31.13. The stock had a trading volume of 14,695,925 shares, compared to its average volume of 10,055,061. The firm has a market cap of $37.20 billion, a PE ratio of 13.77, a P/E/G ratio of 3.34 and a beta of 0.47. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. 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 50 day simple moving average of $29.74 and a 200-day simple moving average of $32.59.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping 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%. Analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.14%. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on KHC shares. JPMorgan Chase & Co. decreased their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Evercore ISI reissued an "in-line" rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, January 29th. Barclays decreased their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Finally, StockNews.com lowered shares of Kraft Heinz from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.86.

About Kraft Heinz

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.