Crumly & Associates Inc. Reduces Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Crumly & Associates Inc. lowered its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 57.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,249 shares of the company’s stock after selling 9,617 shares during the period. Crumly & Associates Inc.’s holdings in Kraft Heinz were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in shares of Kraft Heinz by 29.1% in the fourth quarter. Handelsbanken Fonder AB now owns 420,974 shares of the company’s stock worth $12,928,000 after buying an additional 94,871 shares during the last quarter. LMG Wealth Partners LLC increased its stake in shares of Kraft Heinz by 1.4% in the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company’s stock worth $1,137,000 after buying an additional 498 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Kraft Heinz by 5.4% in the fourth quarter. Private Advisor Group LLC now owns 67,612 shares of the company’s stock worth $2,076,000 after buying an additional 3,470 shares during the last quarter. Good Life Advisors LLC increased its stake in shares of Kraft Heinz by 5.4% in the fourth quarter. Good Life Advisors LLC now owns 9,715 shares of the company’s stock worth $298,000 after buying an additional 499 shares during the last quarter. Finally, Financial Management Network Inc. bought a new stake in shares of Kraft Heinz in the fourth quarter worth $295,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

KHC stock opened at $30.16 on Friday. The company has a market capitalization of $36.03 billion, a P/E ratio of 13.34, a PEG ratio of 3.34 and a beta of 0.47. The company has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $32.59. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly 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%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.31%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of research analyst reports. Mizuho lowered shares of Kraft Heinz from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a report on Thursday, February 13th. Citigroup downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, Bank of America downgraded shares of Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, the company 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.