Meyer Handelman Co. Lowers Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Meyer Handelman Co. reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 56.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,579 shares of the company's stock after selling 35,424 shares during the period. Meyer Handelman Co.'s holdings in Kraft Heinz were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in shares of Kraft Heinz by 408.9% during the second quarter. American Century Companies Inc. now owns 586,370 shares of the company's stock worth $18,893,000 after buying an additional 471,146 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Kraft Heinz by 18.6% in the second quarter. Thoroughbred Financial Services LLC now owns 6,446 shares of the company's stock worth $207,000 after acquiring an additional 1,010 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company's stock worth $178,379,000 after acquiring an additional 1,778,263 shares during the last quarter. Quantbot Technologies LP acquired a new position in Kraft Heinz during the 2nd quarter worth approximately $3,330,000. Finally, Savoir Faire Capital Management L.P. raised its holdings in shares of Kraft Heinz by 9.9% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 220,883 shares of the company's stock valued at $7,117,000 after purchasing an additional 19,905 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Trading Down 0.2 %

NASDAQ KHC opened at $28.71 on Wednesday. The Kraft Heinz Company has a one year low of $28.48 and a one year high of $38.96. The firm has a market cap of $34.72 billion, a PE ratio of 25.86, a P/E/G ratio of 3.62 and a beta of 0.48. The firm's fifty day moving average is $31.04 and its two-hundred day moving average is $33.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Friday, November 29th. Kraft Heinz's dividend payout ratio is presently 144.14%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KHC shares. Barclays dropped their target price on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Citigroup cut their target price on Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price target on Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a "sell" rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $35.58.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now owns 168,195 shares of the company's stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

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.

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