Advisors Asset Management Inc. Boosts Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Advisors Asset Management Inc. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 137.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,424 shares of the company's stock after buying an additional 74,910 shares during the period. Advisors Asset Management Inc.'s holdings in Kraft Heinz were worth $3,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Kraft Heinz by 11.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company's stock worth $186,350,000 after acquiring an additional 545,504 shares in the last quarter. Brookstone Capital Management lifted its stake in Kraft Heinz by 229.8% in the 4th quarter. Brookstone Capital Management now owns 342,880 shares of the company's stock valued at $10,530,000 after purchasing an additional 238,913 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Kraft Heinz by 12.6% during the third quarter. Toronto Dominion Bank now owns 487,938 shares of the company's stock worth $17,132,000 after buying an additional 54,656 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of 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 last quarter. Finally, FLC Capital Advisors boosted its holdings in shares of Kraft Heinz by 121.0% during the 4th quarter. FLC Capital Advisors now owns 18,653 shares of the company's stock valued at $573,000 after acquiring an additional 10,214 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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Kraft Heinz Stock Down 0.1 %

KHC traded down $0.02 during mid-day trading on Tuesday, reaching $29.10. 9,389,698 shares of the stock were exchanged, compared to its average volume of 10,924,388. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 1.06. The company has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $31.85. The stock has a market capitalization of $34.77 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share 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%. As a group, research analysts anticipate that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Friday, March 7th. Kraft Heinz's dividend payout ratio (DPR) is currently 70.80%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KHC. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group cut their price objective on Kraft Heinz from $34.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus lowered 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. UBS Group reduced their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen lowered their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $30.73.

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.