Sicart Associates LLC Sells 15,530 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Sicart Associates LLC trimmed its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,911 shares of the company's stock after selling 15,530 shares during the period. Kraft Heinz comprises about 2.6% of Sicart Associates LLC's investment portfolio, making the stock its 15th biggest position. Sicart Associates LLC's holdings in Kraft Heinz were worth $7,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of Kraft Heinz by 408.9% in the second quarter. American Century Companies Inc. now owns 586,370 shares of the company's stock valued at $18,893,000 after purchasing an additional 471,146 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in Kraft Heinz by 18.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,446 shares of the company's stock valued at $207,000 after buying an additional 1,010 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kraft Heinz by 47.3% during the 2nd 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 period. Argent Trust Co acquired a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $353,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in Kraft Heinz by 6.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 59,555 shares of the company's stock valued at $1,919,000 after acquiring an additional 3,583 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 1.0 %

Kraft Heinz stock traded up $0.30 during trading hours on Friday, reaching $29.27. 7,978,023 shares of the company's stock traded hands, compared to its average volume of 9,579,060. The Kraft Heinz Company has a fifty-two week low of $28.37 and a fifty-two week high of $38.96. The firm's 50 day moving average is $30.87 and its 200-day moving average is $33.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The firm has a market capitalization of $35.39 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.29 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. On average, analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz's payout ratio is 144.14%.

Wall Street Analysts Forecast Growth

KHC has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. UBS Group decreased their price target on Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday. Barclays dropped their price objective on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Citigroup reduced their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, Piper Sandler reiterated a "neutral" rating and set a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Kraft Heinz presently has an average rating of "Hold" and an average price target of $35.23.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares of the company's stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.37% of the company's stock.

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.