11,905 Shares in The Kraft Heinz Company (NASDAQ:KHC) Purchased by Sciencast Management LP

Sciencast Management LP bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 11,905 shares of the company's stock, valued at approximately $366,000.

A number of other hedge funds have also recently added to or reduced their stakes in KHC. Thrivent Financial for Lutherans grew its holdings in Kraft Heinz by 23.0% in the third quarter. Thrivent Financial for Lutherans now owns 52,628 shares of the company's stock valued at $1,848,000 after purchasing an additional 9,833 shares during the period. Pathstone Holdings LLC lifted its position in shares of Kraft Heinz by 34.4% during the 3rd quarter. Pathstone Holdings LLC now owns 96,151 shares of the company's stock valued at $3,376,000 after buying an additional 24,606 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Kraft Heinz by 7.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 200,937 shares of the company's stock valued at $7,055,000 after acquiring an additional 13,452 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Kraft Heinz in the 3rd quarter worth $1,465,000. Finally, Commerce Bank raised its position in Kraft Heinz by 1.4% during the third quarter. Commerce Bank now owns 43,971 shares of the company's stock worth $1,544,000 after acquiring an additional 623 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KHC. Mizuho cut shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $38.00 to $31.00 in a research note on Monday, February 10th. Piper Sandler reduced their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a report on Thursday, February 13th. Finally, Bank of America lowered shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $30.73.

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Kraft Heinz Trading Up 0.0 %

KHC stock traded up $0.01 during midday trading on Tuesday, hitting $29.13. 4,332,488 shares of the company's stock were exchanged, compared to its average volume of 8,504,662. The Kraft Heinz Company has a 1-year low of $27.25 and a 1-year high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $34.81 billion, a PE ratio of 12.89, a P/E/G ratio of 3.39 and a beta of 0.40. The business has a 50-day simple moving average of $29.92 and a two-hundred day simple moving average of $31.85.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) 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%. On average, sell-side analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.49%. Kraft Heinz's payout ratio is currently 70.80%.

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.