Stokes Family Office LLC Acquires New Shares in The Kraft Heinz Company (NASDAQ:KHC)

Stokes Family Office LLC acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,565 shares of the company’s stock, valued at approximately $206,000.

A number of other large investors have also made changes to their positions in KHC. Commonwealth Equity Services LLC increased its holdings in Kraft Heinz by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 386,399 shares of the company’s stock worth $12,998,000 after purchasing an additional 7,491 shares in the last quarter. Raymond James & Associates increased its holdings in Kraft Heinz by 19.4% during the 3rd quarter. Raymond James & Associates now owns 913,878 shares of the company’s stock worth $30,743,000 after purchasing an additional 148,673 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Kraft Heinz by 2.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 36,634 shares of the company’s stock worth $1,232,000 after purchasing an additional 723 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in Kraft Heinz by 8.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,447 shares of the company’s stock worth $419,000 after purchasing an additional 996 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Kraft Heinz by 2.8% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 390,500 shares of the company’s stock worth $13,136,000 after purchasing an additional 10,500 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.0 %

Shares of NASDAQ:KHC opened at $36.35 on Friday. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $41.44. The company has a market capitalization of $44.14 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.89 and a beta of 0.65. The company has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $35.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.54 and a current ratio of 1.09.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same period last year, the business posted $0.68 EPS. Kraft Heinz’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.60 annualized dividend and a yield of 4.40%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Analysts Set New Price Targets

A number of research firms have issued reports on KHC. Wells Fargo & Company lowered their target price on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Bank of America raised their price objective on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup started coverage on Kraft Heinz in a report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $39.50.

Kraft Heinz 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.