Pavion Blue Capital LLC Cuts Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Pavion Blue Capital LLC decreased its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 19.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,483 shares of the company’s stock after selling 6,754 shares during the period. Pavion Blue Capital LLC’s holdings in Kraft Heinz were worth $875,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KHC. Sawyer & Company Inc purchased a new stake in shares of Kraft Heinz during the fourth quarter worth about $25,000. Fortitude Family Office LLC grew its stake in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Kraft Heinz during the third quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Kraft Heinz during the third quarter worth about $33,000. Finally, Larson Financial Group LLC grew its stake in shares of Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after acquiring an additional 636 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America lowered Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Wells Fargo & Company decreased their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.86.

Kraft Heinz Trading Up 3.2 %

Shares of NASDAQ:KHC opened at $31.13 on Friday. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The company has a market capitalization of $37.20 billion, a PE ratio of 13.77, a PEG ratio of 3.39 and a beta of 0.47. The business has a 50 day moving average of $29.73 and a two-hundred day moving average of $32.54. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (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, analysts forecast that The Kraft Heinz Company will post 2.68 EPS for the current 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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) 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.