RWA Wealth Partners LLC Cuts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

RWA Wealth Partners LLC lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,971 shares of the company’s stock after selling 5,347 shares during the quarter. RWA Wealth Partners LLC’s holdings in Kraft Heinz were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have commented on KHC shares. Stifel Nicolaus decreased their target price on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price objective on shares of Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Piper Sandler cut their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.73.

Kraft Heinz Trading Up 0.6 %

NASDAQ KHC opened at $30.43 on Tuesday. The company has a market cap of $36.36 billion, a P/E ratio of 13.46, a P/E/G ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month 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 company has a 50-day moving average of $30.01 and a 200-day moving average of $31.65.

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

Kraft Heinz Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.26%. Kraft Heinz’s dividend payout ratio 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.