Yousif Capital Management LLC Sells 6,112 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Yousif Capital Management LLC trimmed its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,019 shares of the company’s stock after selling 6,112 shares during the period. Yousif Capital Management LLC’s holdings in Kraft Heinz were worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of KHC. OFI Invest Asset Management bought a new position in shares of Kraft Heinz in the third quarter valued at approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Kraft Heinz in the 4th quarter valued at $32,000. BKM Wealth Management LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at $33,000. Headinvest LLC bought a new position in shares of Kraft Heinz in the third quarter worth $38,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of Kraft Heinz by 326.1% in the third quarter. VisionPoint Advisory Group LLC now owns 1,223 shares of the company’s stock worth $41,000 after buying an additional 936 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KHC shares. Bank of America upped their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, 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 on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.57.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $38.16 on Friday. The firm has a market cap of $46.39 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.03 and a beta of 0.67. The company has a 50-day simple moving average of $36.20 and a two-hundred day simple moving average of $35.56. 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 Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $41.47.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.19%. Kraft Heinz’s dividend payout ratio is currently 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.