Truewealth LLC bought a new position in shares of Kraft Heinz Co (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,841 shares of the company’s stock, valued at approximately $143,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Kraft Heinz during the 4th quarter valued at $117,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kraft Heinz during the 2nd quarter valued at $121,000. Cerebellum GP LLC acquired a new position in shares of Kraft Heinz during the 4th quarter valued at $124,000. Finally, GWM Advisors LLC acquired a new position in shares of Kraft Heinz during the 2nd quarter valued at $137,000. 63.24% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on KHC shares. Zacks Investment Research upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Morgan Stanley set a $88.00 price target on Kraft Heinz and gave the company a “buy” rating in a report on Wednesday, February 14th. Barclays reissued a “buy” rating and set a $80.00 price objective (down previously from $94.00) on shares of Kraft Heinz in a research report on Sunday, February 18th. Bank of America set a $100.00 price objective on Kraft Heinz and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Vetr raised Kraft Heinz from a “buy” rating to a “strong-buy” rating and set a $85.31 price target for the company in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Kraft Heinz has a consensus rating of “Buy” and a consensus target price of $85.78.
Kraft Heinz Co (KHC) traded down $0.79 during mid-day trading on Wednesday, hitting $66.58. The stock had a trading volume of 3,900,000 shares, compared to its average volume of 5,640,000. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.44 and a current ratio of 0.72. The firm has a market cap of $81,150.00 and a P/E ratio of 20.42. Kraft Heinz Co has a one year low of $66.22 and a one year high of $93.88.
Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.06). Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. During the same period last year, the company earned $0.08 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. analysts predict that Kraft Heinz Co will post 3.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Thursday, March 8th. Kraft Heinz’s dividend payout ratio is currently 76.69%.
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Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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