Bryn Mawr Capital Management LLC Has $8.17 Million Stake in The Kraft Heinz Company (NASDAQ:KHC)

Bryn Mawr Capital Management LLC reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 266,093 shares of the company’s stock after selling 67,692 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Kraft Heinz were worth $8,172,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Kraft Heinz by 11.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after buying an additional 545,504 shares during the period. Banque Cantonale Vaudoise grew its position in Kraft Heinz by 52.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Kraft Heinz by 229.8% in the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company’s stock valued at $10,530,000 after buying an additional 238,913 shares during the period. Easterly Investment Partners LLC grew its position in Kraft Heinz by 39.4% during the third quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock worth $5,529,000 after buying an additional 44,485 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company’s stock valued at $17,132,000 after acquiring an additional 54,656 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $31.73 on Wednesday. The firm has a 50 day simple moving average of $29.75 and a 200 day simple moving average of $32.47. The Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market cap of $37.92 billion, a P/E ratio of 14.04, a P/E/G ratio of 3.39 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Sell-side analysts predict that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KHC shares. Wells Fargo & Company decreased their price objective on Kraft Heinz from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on shares of Kraft Heinz from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Piper Sandler lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price target on Kraft Heinz from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.