Wealth Advisors of Tampa Bay LLC Sells 40,913 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Wealth Advisors of Tampa Bay LLC lowered its stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,454 shares of the company's stock after selling 40,913 shares during the quarter. Wealth Advisors of Tampa Bay LLC's holdings in Kraft Heinz were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of Kraft Heinz during the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in shares of Kraft Heinz during the 4th quarter valued at $26,000. Mountain Hill Investment Partners Corp. bought a new position in Kraft Heinz during the fourth quarter valued at about $29,000. R Squared Ltd bought a new position in shares of Kraft Heinz in the 4th quarter valued at approximately $34,000. Finally, OFI Invest Asset Management acquired a new stake in Kraft Heinz in the 4th quarter worth approximately $36,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KHC shares. Wells Fargo & Company dropped their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. UBS Group cut their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group cut their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, January 29th. Mizuho lowered Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Finally, Stifel Nicolaus cut their target price on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.67.

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Kraft Heinz Trading Up 4.5 %

KHC stock traded up $1.26 during midday trading on Wednesday, reaching $28.95. The company's stock had a trading volume of 7,616,870 shares, compared to its average volume of 8,938,288. The business's 50-day simple moving average is $29.98 and its 200-day simple moving average is $31.39. 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 stock has a market cap of $34.55 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 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 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%. As a group, sell-side analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.53%. Kraft Heinz's dividend payout ratio (DPR) 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.