RWWM Inc. Sells 521,409 Shares of The Kraft Heinz Company (NASDAQ:KHC)

RWWM Inc. lessened its stake in The Kraft Heinz Company (NASDAQ:KHC) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,881,362 shares of the company’s stock after selling 521,409 shares during the quarter. Kraft Heinz accounts for about 5.3% of RWWM Inc.’s portfolio, making the stock its 7th largest holding. RWWM Inc. owned about 0.16% of Kraft Heinz worth $57,777,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KHC. Evercore ISI restated an “in-line” rating and set a $35.00 price target (down from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and cut their price target for the company from $36.00 to $30.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. TD Cowen cut their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup reiterated a “sell” rating and issued a $27.00 target price (down from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $30.67.

Kraft Heinz Price Performance

NASDAQ KHC opened at $29.33 on Friday. The stock’s 50-day moving average is $29.95 and its two-hundred day moving average is $31.25. 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 debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market cap of $35.00 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last announced 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%. On average, analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.46%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz Company 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.