Investors Research Corp Sells 900 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Investors Research Corp cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,017 shares of the company’s stock after selling 900 shares during the quarter. Investors Research Corp’s holdings in Kraft Heinz were worth $922,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Sawyer & Company Inc bought a new stake in shares of Kraft Heinz during the fourth quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Kraft Heinz during the third quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz during the third quarter worth $33,000. Larson Financial Group LLC lifted its position in shares of Kraft Heinz by 191.0% during the third quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Kraft Heinz in the fourth quarter valued at about $34,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

KHC opened at $32.18 on Monday. The Kraft Heinz Company has a 52-week low of $27.25 and a 52-week high of $38.96. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market cap of $38.45 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40. The firm’s 50-day moving average price is $29.85 and its 200-day moving average price is $32.27.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. As a group, equities analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 4.97%. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Piper Sandler decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Barclays decreased their price objective on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Mizuho downgraded Kraft Heinz from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $31.00 in a report on Monday, February 10th. Finally, Stifel Nicolaus decreased their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.86.

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.