Snowden Capital Advisors LLC Sells 6,814 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Snowden Capital Advisors LLC decreased its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,316 shares of the company’s stock after selling 6,814 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Kraft Heinz were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Generali Investments Management Co LLC bought a new stake in Kraft Heinz during the fourth quarter worth $26,000. Mountain Hill Investment Partners Corp. bought a new stake in Kraft Heinz during the fourth quarter worth $29,000. R Squared Ltd bought a new stake in Kraft Heinz during the fourth quarter worth $34,000. OFI Invest Asset Management bought a new stake in Kraft Heinz during the fourth quarter worth $36,000. Finally, Kennondale Capital Management LLC bought a new stake in Kraft Heinz during the fourth quarter worth $45,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KHC. Jefferies Financial Group decreased their price target on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price target on Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Morgan Stanley assumed coverage on Kraft Heinz in a report on Monday, March 24th. They set an “underweight” rating and a $29.00 price target for the company. Cfra Research downgraded Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, Barclays reduced their price objective on 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. Four research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.65.

Kraft Heinz Stock Up 0.9%

KHC stock opened at $27.74 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a market capitalization of $32.83 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.39 and a beta of 0.30. The Kraft Heinz Company has a fifty-two week low of $27.14 and a fifty-two week high of $36.53. The stock has a fifty day moving average of $29.22 and a 200-day moving average of $30.17.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, equities research analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 5.77%. Kraft Heinz’s dividend payout ratio (DPR) is 73.06%.

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.