Heritage Trust Co Takes Position in The Kraft Heinz Company (NASDAQ:KHC)

Heritage Trust Co bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,445 shares of the company's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in Kraft Heinz by 229.8% during the fourth quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock worth $10,530,000 after purchasing an additional 238,913 shares during the period. Headlands Technologies LLC bought a new stake in shares of Kraft Heinz during the 4th quarter worth about $2,048,000. Toronto Dominion Bank grew its stake in Kraft Heinz by 12.6% in the 3rd quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock valued at $17,132,000 after buying an additional 54,656 shares during the last quarter. Nordea Investment Management AB raised its holdings in Kraft Heinz by 16.3% in the 4th quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock valued at $269,906,000 after acquiring an additional 1,238,200 shares during the period. Finally, FLC Capital Advisors lifted its position in Kraft Heinz by 121.0% during the fourth quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock worth $573,000 after acquiring an additional 10,214 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KHC shares. The Goldman Sachs Group lowered their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research note on Thursday, February 13th. Bank of America downgraded 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. Morgan Stanley started coverage on shares of Kraft Heinz in a research note on Monday, March 24th. They issued an "underweight" rating and a $29.00 price target on the stock. Evercore ISI reiterated an "in-line" rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Finally, Citigroup reissued a "sell" rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Four equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.67.

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Kraft Heinz Price Performance

NASDAQ KHC traded up $0.47 during trading on Monday, hitting $29.80. 8,230,517 shares of the company's stock were exchanged, compared to its average volume of 9,043,894. The company has a market cap of $35.56 billion, a PE ratio of 13.19, a P/E/G ratio of 3.39 and a beta of 0.44. 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 Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The stock's 50 day moving average price is $29.97 and its two-hundred day moving average price is $31.19.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released 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 net margin of 10.62% and a return on equity of 7.58%. Research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a $0.40 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.37%. Kraft Heinz's dividend payout ratio is presently 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.