Rothschild Investment LLC Sells 961 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Rothschild Investment LLC lessened its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 38,093 shares of the company’s stock after selling 961 shares during the period. Rothschild Investment LLC’s holdings in Kraft Heinz were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MONECO Advisors LLC raised its holdings in shares of Kraft Heinz by 9.0% in the fourth quarter. MONECO Advisors LLC now owns 17,825 shares of the company’s stock valued at $547,000 after purchasing an additional 1,465 shares during the last quarter. Howard Capital Management Inc. grew its position in Kraft Heinz by 43.3% in the fourth quarter. Howard Capital Management Inc. now owns 31,108 shares of the company’s stock valued at $955,000 after purchasing an additional 9,398 shares in the last quarter. Sigma Planning Corp increased its stake in Kraft Heinz by 21.8% in the 4th quarter. Sigma Planning Corp now owns 81,040 shares of the company’s stock valued at $2,489,000 after buying an additional 14,514 shares during the last quarter. Callan Capital LLC lifted its position in Kraft Heinz by 219.1% during the 4th quarter. Callan Capital LLC now owns 18,542 shares of the company’s stock worth $569,000 after buying an additional 12,731 shares in the last quarter. Finally, Bell Bank boosted its stake in shares of Kraft Heinz by 19.8% during the 4th quarter. Bell Bank now owns 237,494 shares of the company’s stock worth $7,293,000 after buying an additional 39,220 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.7 %

Shares of NASDAQ:KHC opened at $31.36 on Tuesday. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The business has a 50 day moving average of $29.74 and a 200-day moving average of $32.50. 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 cap of $37.47 billion, a PE ratio of 13.88, a P/E/G ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.10%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and lowered their target price for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Barclays decreased their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating for the company in a research note on Thursday, February 13th. Finally, Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. Based on data from MarketBeat, Kraft Heinz has an average rating of “Hold” and a consensus target price of $30.86.

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.