P.A.W. Capital Corp Lowers Stake in Kraft Heinz Co (KHC)

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P.A.W. Capital Corp cut its stake in shares of Kraft Heinz Co (NASDAQ:KHC) by 23.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the company’s stock after selling 3,000 shares during the period. P.A.W. Capital Corp’s holdings in Kraft Heinz were worth $327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Gemmer Asset Management LLC boosted its position in Kraft Heinz by 9.3% during the 1st quarter. Gemmer Asset Management LLC now owns 18,760 shares of the company’s stock worth $613,000 after purchasing an additional 1,595 shares during the period. Kistler Tiffany Companies LLC lifted its holdings in Kraft Heinz by 174.3% in the 1st quarter. Kistler Tiffany Companies LLC now owns 2,526 shares of the company’s stock worth $82,000 after buying an additional 1,605 shares in the last quarter. Northstar Group Inc. lifted its holdings in Kraft Heinz by 37.1% in the 1st quarter. Northstar Group Inc. now owns 11,321 shares of the company’s stock worth $370,000 after buying an additional 3,065 shares in the last quarter. KMG Fiduciary Partners LLC acquired a new position in Kraft Heinz in the 1st quarter worth $216,000. Finally, Steinberg Global Asset Management acquired a new position in Kraft Heinz in the 1st quarter worth $5,229,000. 62.45% of the stock is owned by institutional investors.

A number of equities analysts have commented on KHC shares. Standpoint Research started coverage on shares of Kraft Heinz in a report on Wednesday, December 26th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. ValuEngine lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Guggenheim started coverage on shares of Kraft Heinz in a report on Tuesday, January 22nd. They issued a “neutral” rating on the stock. Finally, Berenberg Bank set a $60.00 price objective on shares of Kraft Heinz and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.64.

Shares of Kraft Heinz stock opened at $33.04 on Wednesday. The stock has a market capitalization of $40.29 billion, a PE ratio of 9.36, a P/E/G ratio of 2.61 and a beta of 0.58. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 0.59. Kraft Heinz Co has a 1 year low of $31.53 and a 1 year high of $64.99.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, February 21st. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.10). The company 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 for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. Sell-side analysts forecast that Kraft Heinz Co will post 2.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.84%. Kraft Heinz’s dividend payout ratio (DPR) is presently 45.33%.

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Kraft Heinz Company 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.

Further Reading: What is the Quick Ratio?

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

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