Alamar Capital Management LLC Sells 1,351 Shares of Kraft Heinz Company $KHC

Alamar Capital Management LLC cut its stake in Kraft Heinz Company (NASDAQ:KHC) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,674 shares of the company’s stock after selling 1,351 shares during the period. Alamar Capital Management LLC’s holdings in Kraft Heinz were worth $1,567,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KHC. Rossby Financial LCC acquired a new position in shares of Kraft Heinz during the first quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in shares of Kraft Heinz during the first quarter valued at about $33,000. Investment Management Corp VA ADV raised its position in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock valued at $35,000 after buying an additional 669 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Kraft Heinz during the second quarter valued at about $39,000. Finally, Banque Transatlantique SA acquired a new position in shares of Kraft Heinz during the first quarter valued at about $40,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.41 on Friday. The stock has a market cap of $30.08 billion, a P/E ratio of -5.66, a PEG ratio of 3.00 and a beta of 0.16. The company’s 50-day simple moving average is $26.37 and its 200 day simple moving average is $27.15. Kraft Heinz Company has a twelve month low of $24.80 and a twelve month high of $35.72. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. As a group, research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, August 29th. Kraft Heinz’s dividend payout ratio is currently -35.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KHC shares. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 3rd. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Finally, Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $28.65.

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.