Bryn Mawr Capital Management LLC Has $376,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bryn Mawr Capital Management LLC lowered its stake in The Kraft Heinz Company (NASDAQ:KHC) by 96.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,259 shares of the company’s stock after selling 321,526 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kraft Heinz were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Winch Advisory Services LLC lifted its position in shares of Kraft Heinz by 20.1% in the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after buying an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc lifted its position in shares of Kraft Heinz by 4.2% in the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after buying an additional 381 shares during the last quarter. Smith Thornton Advisors LLC increased its stake in shares of Kraft Heinz by 2.1% in the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after purchasing an additional 435 shares during the period. Cohen Investment Advisors LLC increased its stake in shares of Kraft Heinz by 5.0% in the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company’s stock worth $315,000 after purchasing an additional 487 shares during the period. Finally, Good Life Advisors LLC increased its stake in shares of Kraft Heinz by 5.4% in the fourth quarter. Good Life Advisors LLC now owns 9,715 shares of the company’s stock worth $298,000 after purchasing an additional 499 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, January 29th. Citigroup lowered Kraft Heinz from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $34.00 to $28.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.86.

Kraft Heinz Trading Up 3.2 %

KHC stock opened at $31.13 on Friday. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The firm has a market cap of $37.20 billion, a P/E ratio of 13.77, a P/E/G ratio of 3.34 and a beta of 0.47. The business’s 50 day moving average is $29.73 and its 200-day moving average is $32.56. 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 released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share 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 anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.14%. Kraft Heinz’s dividend payout ratio is currently 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.