Schnieders Capital Management LLC Has $604,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Schnieders Capital Management LLC trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 43.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,328 shares of the company’s stock after selling 12,337 shares during the period. Schnieders Capital Management LLC’s holdings in Kraft Heinz were worth $604,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KHC. CWM LLC lifted its holdings in Kraft Heinz by 21.6% in the third quarter. CWM LLC now owns 13,947 shares of the company’s stock valued at $469,000 after buying an additional 2,482 shares during the period. AE Wealth Management LLC increased its stake in Kraft Heinz by 7.1% in the third quarter. AE Wealth Management LLC now owns 82,574 shares of the company’s stock valued at $2,778,000 after purchasing an additional 5,454 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Kraft Heinz in the third quarter valued at approximately $236,000. Newbridge Financial Services Group Inc. increased its stake in Kraft Heinz by 66.2% in the third quarter. Newbridge Financial Services Group Inc. now owns 7,530 shares of the company’s stock valued at $253,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in Kraft Heinz in the third quarter valued at approximately $27,000. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Up 1.3 %

KHC traded up $0.50 during trading on Wednesday, hitting $38.57. 7,205,262 shares of the company’s stock were exchanged, compared to its average volume of 8,051,730. 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 business’s 50 day moving average is $35.98 and its two-hundred day moving average is $35.48. The Kraft Heinz Company has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The stock has a market cap of $46.89 billion, a P/E ratio of 16.48, a PEG ratio of 3.01 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is currently 69.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KHC shares. Bank of America increased their price objective on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Wells Fargo & Company lowered their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Citigroup started coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.57.

Kraft Heinz 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.