Hodges Capital Management Inc. Has $228,000 Position in Kraft Heinz Co (KHC)

Hodges Capital Management Inc. cut its holdings in shares of Kraft Heinz Co (NASDAQ:KHC) by 72.3% in the 1st quarter, Holdings Channel reports. The firm owned 6,994 shares of the company’s stock after selling 18,275 shares during the quarter. Hodges Capital Management Inc.’s holdings in Kraft Heinz were worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. Vanguard Group Inc increased its position in shares of Kraft Heinz by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. BlackRock Inc. increased its position in shares of Kraft Heinz by 2.8% during the 4th quarter. BlackRock Inc. now owns 37,036,208 shares of the company’s stock valued at $1,594,037,000 after purchasing an additional 999,937 shares during the last quarter. Morgan Stanley increased its position in shares of Kraft Heinz by 3.9% during the 3rd quarter. Morgan Stanley now owns 12,113,755 shares of the company’s stock valued at $667,589,000 after purchasing an additional 451,572 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Kraft Heinz by 6,999.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,500,383 shares of the company’s stock valued at $244,000 after purchasing an additional 10,352,489 shares during the last quarter. 62.45% of the stock is owned by hedge funds and other institutional investors.

Shares of KHC opened at $33.04 on Wednesday. Kraft Heinz Co has a fifty-two week low of $31.53 and a fifty-two week high of $64.99. The stock has a market capitalization of $40.41 billion, a P/E ratio of 9.36, a PEG ratio of 2.61 and a beta of 0.58. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 0.59.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.10). Kraft Heinz had a positive return on equity of 6.89% and a negative net margin of 38.95%. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period last year, the business posted $0.90 EPS. The company’s revenue was up .7% compared to the same quarter last year. Sell-side analysts expect 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. Shareholders 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 annualized dividend and a yield of 4.84%. Kraft Heinz’s dividend payout ratio is currently 45.33%.

Several equities research analysts have recently issued reports on KHC shares. Barclays lowered Kraft Heinz from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 22nd. Standpoint Research started coverage on Kraft Heinz in a report on Wednesday, December 26th. They issued a “buy” rating for the company. Deutsche Bank lowered Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $58.00 to $52.00 in a report on Tuesday, February 5th. Zacks Investment Research raised Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Credit Suisse Group set a $33.00 price objective on Kraft Heinz and gave the stock an “underperform” rating in a report on Friday, February 22nd. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.64.

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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.

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

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