The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its stake in The Kraft Heinz Company (NASDAQ:KHC) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,575 shares of the company’s stock after selling 2,995 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kraft Heinz were worth $703,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State of Michigan Retirement System lifted its holdings in shares of Kraft Heinz by 6.9% in the 4th quarter. State of Michigan Retirement System now owns 314,139 shares of the company’s stock worth $9,647,000 after purchasing an additional 20,400 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Kraft Heinz by 20.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,820 shares of the company’s stock worth $2,206,000 after purchasing an additional 12,117 shares during the last quarter. Quintet Private Bank Europe S.A. lifted its holdings in shares of Kraft Heinz by 13.3% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 296,693 shares of the company’s stock worth $9,111,000 after purchasing an additional 34,891 shares during the last quarter. Eliot Finkel Investment Counsel LLC bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $3,773,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Kraft Heinz in the 4th quarter worth approximately $1,755,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $31.32 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $37.43 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 3.39 and a beta of 0.47. The stock’s fifty day simple moving average is $29.79 and its 200 day simple moving average is $32.37. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s payout ratio is 70.80%.

Analysts Set New Price Targets

Several analysts recently issued reports on KHC shares. JPMorgan Chase & Co. cut their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Barclays cut their target price on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus cut their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Citigroup downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and cut their target price for the company from $34.00 to $28.00 in a research note on Thursday, February 13th. Finally, StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Three investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and a consensus target price of $30.86.

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.