Americana Partners LLC Invests $7.01 Million in The Kraft Heinz Company (NASDAQ:KHC)

Americana Partners LLC bought a new stake in The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 228,092 shares of the company's stock, valued at approximately $7,005,000.

A number of other large investors also recently modified their holdings of KHC. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the 4th quarter valued at $25,000. Fortitude Family Office LLC boosted its holdings in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Kraft Heinz during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Kraft Heinz during the 3rd quarter valued at about $33,000. Finally, Larson Financial Group LLC lifted its holdings in Kraft Heinz by 191.0% in the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company's stock worth $34,000 after buying an additional 636 shares during the period. Institutional investors own 78.17% of the company's stock.

Kraft Heinz Trading Up 1.2 %

NASDAQ KHC traded up $0.37 during trading hours on Thursday, hitting $30.16. 8,637,687 shares of the company were exchanged, compared to its average volume of 9,914,336. The stock has a 50-day moving average price of $29.77 and a 200 day moving average price of $32.60. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The stock has a market cap of $36.03 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 3.29 and a beta of 0.47.

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

Kraft Heinz Announces Dividend

The company 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. 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 5.31%. Kraft Heinz's payout ratio is 70.80%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on Kraft Heinz from $32.00 to $28.00 and set a "sell" rating for the company in a research report on Thursday, February 13th. Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $36.00 to $30.00 in a report on Thursday, February 13th. Wells Fargo & Company dropped their price target on Kraft Heinz from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group dropped their price target 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. Finally, StockNews.com downgraded Kraft Heinz from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, Kraft Heinz presently has an average rating of "Hold" and a consensus price target of $30.86.

Kraft Heinz 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.