Arnhold LLC Makes New $3.02 Million Investment in The Kraft Heinz Company (NASDAQ:KHC)

Arnhold LLC acquired a new stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 98,281 shares of the company's stock, valued at approximately $3,018,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Kraft Heinz by 19.9% in the fourth quarter. Vanguard Group Inc. now owns 90,508,763 shares of the company's stock worth $2,779,524,000 after buying an additional 14,996,486 shares during the last quarter. Norges Bank acquired a new stake in Kraft Heinz during the 4th quarter worth about $324,857,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Kraft Heinz by 96.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,858,253 shares of the company's stock valued at $87,777,000 after purchasing an additional 1,403,220 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $39,339,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Kraft Heinz by 16.3% during the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company's stock worth $269,906,000 after purchasing an additional 1,238,200 shares during the period. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KHC has been the subject of a number of recent research reports. The Goldman Sachs Group reduced 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 report on Thursday, February 13th. Stifel Nicolaus cut their price target on Kraft Heinz from $32.00 to $31.00 and set a "hold" rating on the stock in a research report on Thursday, February 13th. Barclays decreased their price target on Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Cfra Research downgraded shares of Kraft Heinz from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, Bank of America lowered Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Four analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company's stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of "Hold" and an average target price of $30.69.

Kraft Heinz Trading Down 0.5 %

Shares of KHC stock traded down $0.15 on Friday, hitting $29.49. The stock had a trading volume of 8,152,654 shares, compared to its average volume of 9,091,858. The company's 50 day moving average price is $30.07 and its 200-day moving average price is $30.87. The Kraft Heinz Company has a 1 year low of $27.25 and a 1 year high of $38.72. 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 $35.19 billion, a P/E ratio of 13.05, a P/E/G ratio of 3.39 and a beta of 0.44.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 5.43%. Kraft Heinz's dividend payout ratio (DPR) is currently 70.80%.

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.