Crumly & Associates Inc. Has $223,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Crumly & Associates Inc. lessened its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 57.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,249 shares of the company’s stock after selling 9,617 shares during the quarter. Crumly & Associates Inc.’s holdings in Kraft Heinz were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KHC. Sawyer & Company Inc acquired a new stake in Kraft Heinz during the 4th quarter worth about $25,000. Fortitude Family Office LLC raised its holdings in Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Kraft Heinz during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in Kraft Heinz during the 3rd quarter worth about $33,000. Finally, Larson Financial Group LLC raised its holdings in Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after buying an additional 636 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.2 %

Shares of KHC stock opened at $30.16 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 quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $29.74 and its two-hundred day moving average is $32.59. The company has a market cap of $36.03 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 3.34 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.31%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KHC shares. The Goldman Sachs Group dropped their target price on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and dropped their target price for the company 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 dropped their target price for the company from $38.00 to $31.00 in a report on Monday, February 10th. Finally, Citigroup downgraded Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their target price for the company from $34.00 to $28.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.86.

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.