Clifford Swan Investment Counsel LLC Has $545,000 Position in Kraft Heinz Company $KHC

Clifford Swan Investment Counsel LLC reduced its holdings in Kraft Heinz Company (NASDAQ:KHC) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,123 shares of the company’s stock after selling 500 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Kraft Heinz were worth $545,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rossby Financial LCC acquired a new position in Kraft Heinz in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in Kraft Heinz in the first quarter valued at approximately $33,000. Investment Management Corp VA ADV lifted its holdings in Kraft Heinz by 141.7% in 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 period. Banque Transatlantique SA acquired a new position in Kraft Heinz in the first quarter valued at approximately $40,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in Kraft Heinz in the second quarter worth $39,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KHC has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. Stifel Nicolaus cut their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kraft Heinz from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Morgan Stanley cut their target price on shares of Kraft Heinz from $29.00 to $28.00 in a report on Thursday, October 16th. Finally, Wells Fargo & Company cut their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $28.65.

Kraft Heinz Trading Down 0.9%

Shares of NASDAQ:KHC opened at $25.41 on Friday. Kraft Heinz Company has a 12 month low of $24.80 and a 12 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. The company’s fifty day simple moving average is $26.37 and its 200 day simple moving average is $27.15. The firm has a market cap of $30.08 billion, a price-to-earnings ratio of -5.66, a PEG ratio of 3.00 and a beta of 0.16.

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

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, August 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Friday, August 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently -35.63%.

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.