The Kraft Heinz Company (NASDAQ:KHC) Stock Holdings Trimmed by KLCM Advisors Inc.

KLCM Advisors Inc. lowered its position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 88.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,311 shares of the company's stock after selling 66,550 shares during the quarter. KLCM Advisors Inc.'s holdings in Kraft Heinz were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KHC. Americana Partners LLC acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at $7,005,000. Philip James Wealth Mangement LLC boosted its stake in Kraft Heinz by 1.6% in the 4th quarter. Philip James Wealth Mangement LLC now owns 178,823 shares of the company's stock worth $5,492,000 after buying an additional 2,835 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Kraft Heinz by 86.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,677 shares of the company's stock worth $359,000 after buying an additional 5,404 shares during the last quarter. Hourglass Capital LLC boosted its stake in Kraft Heinz by 2.0% in the 4th quarter. Hourglass Capital LLC now owns 155,590 shares of the company's stock worth $4,778,000 after buying an additional 3,040 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Kraft Heinz by 67.3% in the 4th quarter. Allworth Financial LP now owns 22,719 shares of the company's stock worth $660,000 after buying an additional 9,139 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on KHC shares. JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $32.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group cut their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, January 29th. Stifel Nicolaus cut their price objective on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. TD Cowen cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $30.86.

Kraft Heinz Stock Performance

Shares of KHC traded up $0.58 during mid-day trading on Wednesday, hitting $29.90. The stock had a trading volume of 5,709,266 shares, compared to its average volume of 9,817,184. The company has a market cap of $35.73 billion, a PE ratio of 13.23, a PEG ratio of 3.25 and a beta of 0.47. The company's fifty day simple moving average is $29.80 and its two-hundred day simple moving average is $32.62. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. On average, equities analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.35%. Kraft Heinz's dividend payout ratio is currently 70.80%.

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.