One Charles Private Wealth Services LLC purchased a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,188 shares of the company's stock, valued at approximately $466,000.
Other hedge funds have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in Kraft Heinz in the third quarter valued at $411,304,000. State Street Corp raised its holdings in Kraft Heinz by 16.7% in the 3rd quarter. State Street Corp now owns 44,400,402 shares of the company's stock valued at $1,558,898,000 after buying an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its position in Kraft Heinz by 11.3% in the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company's stock valued at $669,821,000 after buying an additional 1,944,019 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Kraft Heinz by 96.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock worth $87,777,000 after buying an additional 1,403,220 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Kraft Heinz during the fourth quarter valued at about $39,339,000. Hedge funds and other institutional investors own 78.17% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on KHC shares. Citigroup lowered shares of Kraft Heinz from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Thursday, February 13th. Bank of America cut Kraft Heinz from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $36.00 to $30.00 in a research note on Thursday, February 13th. Evercore ISI reaffirmed an "in-line" rating and issued a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. Morgan Stanley initiated coverage on Kraft Heinz in a research note on Monday. They set an "underweight" rating and a $29.00 target price on the stock. Finally, Piper Sandler lowered 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. Three research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.73.
Read Our Latest Analysis on KHC
Kraft Heinz Stock Down 0.1 %
Shares of KHC stock traded down $0.02 during trading hours on Tuesday, reaching $29.10. 9,389,747 shares of the stock were exchanged, compared to its average volume of 8,504,662. The Kraft Heinz Company has a 12-month low of $27.25 and a 12-month high of $38.96. The business's fifty day moving average is $29.92 and its two-hundred day moving average is $31.85. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. The firm has a market capitalization of $34.77 billion, a P/E ratio of 12.88, a P/E/G ratio of 3.39 and a beta of 0.40.
Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced 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%. As a group, research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is 70.80%.
About Kraft Heinz
(
Free Report)
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.
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