Ausdal Financial Partners Inc. Sells 2,599 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Ausdal Financial Partners Inc. reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,386 shares of the company’s stock after selling 2,599 shares during the period. Ausdal Financial Partners Inc.’s holdings in Kraft Heinz were worth $258,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

KHC has been the topic of several analyst reports. Barclays lowered their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Bank of America lowered shares of Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Monday, February 10th. Citigroup downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and cut their price objective for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price target on shares of Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Hold” and a consensus target price of $30.73.

Kraft Heinz Trading Up 0.6 %

Shares of NASDAQ KHC opened at $30.24 on Friday. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The firm has a market capitalization of $36.14 billion, a P/E ratio of 13.38, a P/E/G ratio of 3.39 and a beta of 0.40. 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’s 50 day simple moving average is $29.99 and its 200 day simple moving average is $31.74.

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, 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%. On average, analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given 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 dividend yield of 5.29%. Kraft Heinz’s payout ratio is currently 70.80%.

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.