Culbertson A N & Co. Inc. Decreases Stake in Kraft Heinz Co (KHC)

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Culbertson A N & Co. Inc. reduced its holdings in Kraft Heinz Co (NASDAQ:KHC) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,228 shares of the company’s stock after selling 760 shares during the period. Culbertson A N & Co. Inc.’s holdings in Kraft Heinz were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Clifford Swan Investment Counsel LLC increased its position in shares of Kraft Heinz by 0.7% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 33,710 shares of the company’s stock valued at $1,451,000 after acquiring an additional 225 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Kraft Heinz by 0.4% during the fourth quarter. North Star Investment Management Corp. now owns 60,799 shares of the company’s stock valued at $2,617,000 after acquiring an additional 237 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Kraft Heinz by 4.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,511 shares of the company’s stock valued at $237,000 after acquiring an additional 239 shares during the last quarter. OLD Second National Bank of Aurora increased its position in shares of Kraft Heinz by 7.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 3,577 shares of the company’s stock valued at $154,000 after acquiring an additional 250 shares during the last quarter. Finally, Delta Asset Management LLC TN increased its position in shares of Kraft Heinz by 3.5% during the fourth quarter. Delta Asset Management LLC TN now owns 7,466 shares of the company’s stock valued at $320,000 after acquiring an additional 250 shares during the last quarter. 62.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kraft Heinz stock traded down $0.13 during trading on Wednesday, reaching $32.91. The company’s stock had a trading volume of 69,115 shares, compared to its average volume of 7,989,804. The stock has a market capitalization of $40.29 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 2.61 and a beta of 0.58. Kraft Heinz Co has a fifty-two week low of $31.53 and a fifty-two week high of $64.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.86.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, February 21st. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.93 billion. Kraft Heinz had a negative net margin of 38.95% and a positive return on equity of 6.89%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. Analysts anticipate that Kraft Heinz Co will post 2.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.40 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.86%. Kraft Heinz’s dividend payout ratio is currently 45.33%.

A number of brokerages recently weighed in on KHC. Barclays cut shares of Kraft Heinz from an “overweight” rating to an “equal weight” rating in a report on Friday, February 22nd. Standpoint Research began coverage on shares of Kraft Heinz in a report on Wednesday, December 26th. They issued a “buy” rating for the company. Deutsche Bank cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the company from $58.00 to $52.00 in a report on Tuesday, February 5th. Zacks Investment Research upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Credit Suisse Group set a $33.00 price objective on shares of Kraft Heinz and gave the company an “underperform” rating in a report on Friday, February 22nd. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.64.

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Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

Read More: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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