Bryn Mawr Capital Management LLC Has $376,000 Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Bryn Mawr Capital Management LLC reduced its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 96.3% during the 4th quarter, Holdings Channel reports. The fund owned 12,259 shares of the company’s stock after selling 321,526 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Kraft Heinz were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Good Life Advisors LLC boosted its holdings in shares of Kraft Heinz by 5.4% in the 4th quarter. Good Life Advisors LLC now owns 9,715 shares of the company’s stock worth $298,000 after acquiring an additional 499 shares in the last quarter. Financial Management Network Inc. acquired a new position in shares of Kraft Heinz in the 4th quarter worth approximately $295,000. Hara Capital LLC lifted its holdings in Kraft Heinz by 61.9% during the 4th quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock worth $52,000 after buying an additional 650 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Kraft Heinz during the 4th quarter worth $140,000. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in Kraft Heinz by 14.5% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 333,622 shares of the company’s stock worth $10,246,000 after buying an additional 42,287 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Price Performance

KHC opened at $31.13 on Friday. 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 Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a fifty day simple moving average of $29.73 and a 200 day simple moving average of $32.56. The stock has a market cap of $37.20 billion, a P/E ratio of 13.77, a P/E/G ratio of 3.34 and a beta of 0.47.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. On average, research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Friday, March 7th. Kraft Heinz’s dividend payout ratio is currently 70.80%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Bank of America downgraded Kraft Heinz from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Wells Fargo & Company reduced 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. StockNews.com downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, Stifel Nicolaus reduced their price objective on Kraft Heinz from $32.00 to $31.00 and set a “hold” rating on the stock in a report 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 company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $30.86.

Kraft Heinz Company Profile

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.