The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. cut its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,386 shares of the company’s stock after selling 2,599 shares during the period. Ausdal Financial Partners Inc.’s holdings in Kraft Heinz were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KHC. Sawyer & Company Inc acquired a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. purchased a new stake in Kraft Heinz during the fourth quarter valued at about $29,000. Larson Financial Group LLC increased its position in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $34,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

KHC opened at $30.24 on Friday. The stock has a 50-day moving average of $29.99 and a 200-day moving average of $31.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a market cap of $36.14 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (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%. As a group, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, March 7th. Kraft Heinz’s payout ratio is presently 70.80%.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an “underweight” rating and a $29.00 price objective for the company. Wells Fargo & Company dropped their price target on 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. TD Cowen decreased their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Jefferies Financial Group dropped their target price on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Finally, Stifel Nicolaus decreased their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to MarketBeat, Kraft Heinz currently has a consensus rating of “Hold” and an average price target of $30.73.

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.