Bryn Mawr Capital Management LLC Sells 67,692 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Bryn Mawr Capital Management LLC reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,093 shares of the company’s stock after selling 67,692 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Kraft Heinz were worth $8,172,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC acquired a new position in Kraft Heinz in the 3rd quarter worth $411,304,000. State Street Corp boosted its position in shares of Kraft Heinz by 16.7% during the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC grew its holdings in shares of Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after buying an additional 1,944,019 shares in the last quarter. Nordea Investment Management AB raised its position in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock valued at $269,906,000 after buying an additional 1,238,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Kraft Heinz by 1,139.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,273,579 shares of the company’s stock valued at $39,112,000 after acquiring an additional 1,170,814 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KHC shares. TD Cowen reduced their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Jefferies Financial Group decreased their target price on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Bank of America cut Kraft Heinz from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, UBS Group cut their target price on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Stock Up 1.2 %

Shares of NASDAQ KHC opened at $31.73 on Wednesday. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. 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 firm has a market cap of $37.92 billion, a PE ratio of 14.04, a P/E/G ratio of 3.39 and a beta of 0.47. The company’s fifty day simple moving average is $29.75 and its 200 day simple moving average is $32.47.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

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.