9,850 Shares in The Kraft Heinz Company (NASDAQ:KHC) Bought by Vision Financial Markets LLC

Vision Financial Markets LLC acquired a new position in The Kraft Heinz Company (NASDAQ:KHC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,850 shares of the company's stock, valued at approximately $302,000.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Kraft Heinz in the 3rd quarter worth about $27,000. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of Kraft Heinz during the third quarter worth approximately $33,000. Larson Financial Group LLC boosted its holdings in shares of Kraft Heinz by 191.0% in the third quarter. Larson Financial Group LLC now owns 969 shares of the company's stock valued at $34,000 after purchasing an additional 636 shares during the period. Finally, Hara Capital LLC purchased a new stake in shares of Kraft Heinz in the third quarter valued at approximately $37,000. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Stock Performance

NASDAQ:KHC traded up $0.90 during midday trading on Friday, hitting $32.18. The company's stock had a trading volume of 15,741,101 shares, compared to its average volume of 10,335,693. 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 Kraft Heinz Company has a fifty-two week low of $27.25 and a fifty-two week high of $38.96. The firm's 50 day moving average is $29.85 and its 200-day moving average is $32.29. The firm has a market cap of $38.45 billion, a P/E ratio of 14.24, a P/E/G ratio of 3.39 and a beta of 0.40.

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Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts anticipate that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 7th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.97%. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lowered Kraft Heinz from a "buy" rating to a "neutral" rating and decreased their target price for the company from $34.00 to $28.00 in a research report on Thursday, February 13th. TD Cowen decreased their price objective on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Barclays dropped their target price on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Kraft Heinz from $32.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, February 13th. Finally, Mizuho downgraded shares of Kraft Heinz from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus target price of $30.86.

Kraft Heinz Company 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.