Retirement Guys Formula LLC Sells 576 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Retirement Guys Formula LLC cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,608 shares of the company’s stock after selling 576 shares during the quarter. Retirement Guys Formula LLC’s holdings in Kraft Heinz were worth $503,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FSC Wealth Advisors LLC boosted its position in Kraft Heinz by 23.4% during the 4th quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock worth $53,000 after buying an additional 270 shares during the period. Ancora Advisors LLC boosted its position in Kraft Heinz by 69.9% during the 1st quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock worth $26,000 after buying an additional 272 shares during the period. Econ Financial Services Corp boosted its position in Kraft Heinz by 0.6% during the 3rd quarter. Econ Financial Services Corp now owns 53,310 shares of the company’s stock worth $1,793,000 after buying an additional 310 shares during the period. Kensington Investment Counsel LLC boosted its position in Kraft Heinz by 1.4% during the 4th quarter. Kensington Investment Counsel LLC now owns 23,696 shares of the company’s stock worth $965,000 after buying an additional 330 shares during the period. Finally, Personal CFO Solutions LLC boosted its position in Kraft Heinz by 3.1% during the 3rd quarter. Personal CFO Solutions LLC now owns 11,176 shares of the company’s stock worth $376,000 after buying an additional 331 shares during the period. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KHC. Evercore ISI upgraded shares of Kraft Heinz from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $42.00 in a report on Monday, December 11th. Citigroup began coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $40.57.

Insiders Place Their Bets

In related news, Director Miguel Patricio sold 131,500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $4,999,630.00. Following the transaction, the director now directly owns 992,049 shares of the company’s stock, valued at approximately $37,717,702.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Up 0.2 %

KHC stock traded up $0.06 during midday trading on Monday, reaching $36.96. 1,815,057 shares of the company’s stock traded hands, compared to its average volume of 8,331,910. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The company has a market cap of $44.93 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.92 and a beta of 0.67. The firm’s fifty day moving average price is $35.93 and its 200-day moving average price is $35.06. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $41.47.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is 69.26%.

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.