Clifford Swan Investment Counsel LLC Sells 500 Shares of Kraft Heinz Company $KHC

Clifford Swan Investment Counsel LLC lowered its holdings in Kraft Heinz Company (NASDAQ:KHC) by 2.3% in the second quarter, Holdings Channel reports. The firm owned 21,123 shares of the company’s stock after selling 500 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Kraft Heinz were worth $545,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Shell Asset Management Co. grew its position in Kraft Heinz by 89.7% in the second quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after purchasing an additional 42,758 shares in the last quarter. Lakeshore Capital Group Inc. grew its position in Kraft Heinz by 39.8% in the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock valued at $957,000 after purchasing an additional 10,551 shares in the last quarter. Swedbank AB grew its position in Kraft Heinz by 13.6% in the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after purchasing an additional 104,872 shares in the last quarter. Bard Financial Services Inc. grew its position in Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after purchasing an additional 20,500 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after acquiring an additional 6,551 shares during the period. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $25.41 on Friday. The firm has a 50-day moving average of $26.37 and a 200-day moving average of $27.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. The stock has a market cap of $30.08 billion, a PE ratio of -5.66, a P/E/G ratio of 3.00 and a beta of 0.16. Kraft Heinz Company has a 52-week low of $24.80 and a 52-week high of $35.72.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. On average, sell-side analysts anticipate that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s payout ratio is -35.63%.

Analysts Set New Price Targets

KHC has been the subject of a number of analyst reports. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Barclays decreased their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, October 10th. Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $28.65.

About Kraft Heinz

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.